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For Wednesday,January 16, 2019, the trend deciding point for the day for Nifty emerges at10866mark.Onits down move Nifty is expected to take support around 10866mark. If this markis broken due to strong selling pressure, then the next support is expected toemerge at 10809mark. But this will be possible only if there is a sharp downmove. On ascent, the first resistance exists at 10974mark. A sharp up move canmake nifty cross this level and make it reach to 11040mark,depending on thedemand pressure. An intermediate resistance exists at 10969mark. If there isnot much demand, then Nifty can reverse from here for downside, instead of10974mark. On the other hand, an intermediate support exists at 10887mark. Ifthere is not much supply, then Nifty can reverse from here for upside, insteadof10866mark.

ForWednesday, January 16, 2019, the trend deciding point for the day for Bank Niftyworks out at 274008mark.Thus any fall in Bank Nifty towards this level of 27408shouldget a support. If this support zone is broken due to strong selling pressure,then the next support is expected to emerge around27264 mark,depending on thesupply pressure. But this is possible only if there is a sharp down move. Onthe ascent, an important resistance exists at 27693mark. If this is crossed,then the next resistance is expected to emerge at 27913mark,based on the demandpressure.


For Wednesday, January 16, 2019, the trend reversal point for Nifty stands at10734 in spot. Any close BELOW 10734 in spot on Wednesday will change the trendin Nifty to NEGATIVE.Again, that forBank Nifty, this level stands at 27578 in spot. This implies that a closeABOVE27578onWednesdayfor Bank nifty in spot will change the trend in that indexin to POSITIVE.

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