Yesterday... we have seen range bound trading in Nifty and
Bank Nifty though traded with negative bias. Nifty unable to breach its
resistance level of 7955 and slipped. Market remain volatile and trade with
thin volume on account of Christmas and New Year holiday.
Now what to expect???
Nifty future has support at 7880 and resistance at 7955.
Once break and close with volume above 7955 will take to 8030---8080 and then
to 8250+ mark in days to come else it could test its support level of 7880
again.
Below 7890... will see sharp downside panic till 7840---7805
and then to 7770. More and more panic will see only close below 7740 mark.
While Bank Nifty has support at 16880 and resistance at
17030. Break and sustain + close above 17030 will see sharp upside rally till
17180---17250 and then to 17400+ mark in days to come
Below 16880.... will see sharp downside panic till
16730---16650. More and more panic will see only weekly close below 16500 mark.
Traders can trade with levels only as today we will expect
high volatility in Nifty and Bank Nifty.
Top pick of the day.
Today we will have expiry and year end. We will not pick any
fresh top pick today. Fresh entry will initiate from tommorow onwards.
More will be update soon during market hours only on our
Android App.
(**Today is the last date to get updates on WhatsApp. From tomorrow
onwards we will provide more and clear information + two high accuracy calls on
weekly basis in each segment only on our Android Application. To get smooth and quick service. Download our
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