BANKNIFTY for 16th December

Please read this post along with my post on Nifty to get complete perspective on markets tomorrow. Banknifty too like Nifty finished as a strong green candle on daily chart with with higher high, higher low and higher close as compared to yesterday’s candle. Please check my video posted on youtube under channel name Market Movers India for slightly more content. On Friday, Banknifty hit 32100 but could not go past it due to a strong resistance there. Tomorrow too, if Nifty is not helping, BNF may not cross 32100. On 15 min chart there are no clear cut levels for buying and selling. However, 32105 (Friday’s high) can be taken as resistance and 31500 can be taken as psychological support.
All the best. Happy trading.