Nifty & Bank Nifty Prediction for Tomorrow 24 December 2021

Table of Contents

Nifty Prediction for Tomorrow 24 December 2021

> Resistance will be at 17130, 17205 and then 17310 and Support below will be at 16970, 16890 and 16820

> As stated, Nifty Cash, today at closing above the Moving Avg bands, which confirmed that trend now in Up-Trend. Now 16970 is crucial for Down Trend. Just watch the S-R Levels and Pivot point Levels for your references. For the Intraday, Buy signal above 17130 and Sell signal below 16970.

> MACD, today stay above Zero line, holds the Positive Trends. ( MACD, any close below 0 lines will change the Trend to Negative Side)

> Nifty Current Weekly (Expiry – 30 Dec 2021) Option PCR at: 0.97

> Nifty Option Weekly (Expiry – 30 Dec 2021) Max Pain at: 17050

Nifty Prediction for Tomorrow – 24 Dec 2021: Technically Overall, Nifty Cash has now turned to UP Trends. MACD moves above 0 Marks (MACD should maintain above ZERO to maintain Up Trends) and Any 15 Mnt Candle close below Moving Avg bands level 16970 will confirm to Down Trend.

Nifty Support and Resistance

Pivot Point Level: 17,070

Support	Resistance
S1 – 17,020	R1 – 17,115
S2 – 16,985	R2 – 17,145
S3 – 16,960	R3 – 17,175
S4 – 16,920	R4 – 17,255

Nifty Support and Resistance

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Bank Nifty Prediction for Tomorrow 24 December 2021

> Resistance will be 35350, 35580 and then 35875 and Support now will be at 34855, 34280 and then 34100

> Today, Bank Nifty Cash just touched the Moving Avg bands and Fall down and Now it’s still below the Moving Avg bands. Just watch the S-R Levels and Pivot point Levels for your references. Intraday Levels, Buy signal above 35350 and Sell signal below 34855

> Bank nifty MACD today moved above 0 lines indicating of Up Trend. Any close below 0 lines will change the trend to Down.

> Bank Nifty Current Weekly (Expiry – 30 Dec 2021) Option PCR at: 0.76

> Bank Nifty Weekly Option (Expiry – 30 Dec 2021) Max pain at: 35500

Bank Nifty Prediction for Tomorrow – 24 Dec 2021: Technically Overall, Both analysis indicates that Bank Nifty Cash, still in a Neutral to Bearish sign. Any 15 Mnt Candle close above Moving Avg bands level 35530 will change to UP Trend side.

Bank Nifty Support and Resistance

Pivot Point Level: 35,240

Support	Resistance
S1 – 34,995	R1 – 35,430
S2 – 34,805	R2 – 35,660
S3 – 34,375	R3 – 36,100
S4 – 33,945	R4 – 36,310

Bank Nifty Support and Resistance

FIIs and DIIs Data

Figures of the Cash market

150,267.9Date	Gross Buy	Gross Sell	Net Buy/Sell	Net Buy/Sell	Gross Sell	Gross Buy
		FIIs Net in Crores			DIIs Net in Crores
23 Dec 2021	5,415.4	5,686.9	-271.6	1,196.5	4,083.7	5,280.2
Last 30 Days	208,840.4	267,865.6	-59,025.1	45,845.7	111,577.5	157,423.1