Dec 28, 2023: So after few back back up thrust small rallies, lets look at what is in it for last trading session for 2023.

I am going to explain my thought process by looking at 15 minutes chart of both Nifty and Bank Nifty together. First, there are few similarities:

• Both have taken multiple support from the channel trend line and made it harder for a day trader to take any directional position
• Both are still very near to major support level and a break down from that would not be bullish going into Jan 2024
• Both the crucial support levels are marked on the chart above
• Bank Nifty has made a Doji candle today and that itself signifies indecisiveness
• Channel support too play a role and any violation on the lower arm will give a quick correction of 10% or more

On the flip side, any movement outside the upper levels or highs of today, will continue the thrust but stretches the market further into next year.

Disclaimer: All my views expressed above are for educational purposes only.