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Nifty Prediction for Tomorrow 16 December 2021
> In Chart, Resistance above will be at 17320, 17375nd then 17485 and Support below will be at 17185, 17145, and 16995
> As expected and remarked, today Nifty remained in bearish day. Nifty is still below the Moving Average Band indication the bearish sign. Just watch the S-R Levels and Pivot point Levels for your references. The level to watch is above 17320 for Teji.
> MACD is still moving below Zero line indication of Negative Trends.
> Nifty Current Weekly (Expiry – 16 Dec 2021) Option PCR at: 0.51 (0.55 Yesterday)
> Nifty Option Weekly (Expiry – 16 Dec 2021) Max Pain at: 17300 (17350 Yesterday)
Nifty Prediction for Tomorrow – 16 Dec 2021: Technically Overall, Nifty Cash has still a Bearish sign. Level 17320 (Intraday and Day closing) is crucial to watch for the Bullish side.
Nifty Support and Resistance
Pivot Point Level: 17,255
| Support | Resistance |
| S1 – 17,205 | R1 – 17,285 |
| S2 – 17,160 | R2 – 17,320 |
| S3 – 17,125 | R3 – 17,365 |
| S4 – 17,090 | R4 – 17,410 |
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Bank Nifty Prediction for Tomorrow 16 December 2021
> Resistance will be 37075, 37265 and then 37405 and Support now will be at 36640, 36495, and then 36340.
> Bank nifty still moves around the Moving Average Band not confirm any trends, but still indicating bearish. Just watch the S-R Levels and Pivot point levels also for your references. The level to watch is above 37075 for Teji (Intraday and Day closing)
> MACD today get positive but at closing get again below Zero line indication of Negative Trends.
> Bank Nifty Current Weekly (Expiry – 16 Dec 2021) Option PCR at: 0.66 (0.69 Yesterday)
> Bank Nifty Weekly Option (Expiry – 16 Dec 2021) Max pain at: 37000 (37000 Yesterday)
Bank Nifty Prediction for Tomorrow – 16 Dec 2021: Technically Overall, Bank Nifty Cash also has still a Bearish sign. Level 37075 is crucial to watch for the Bullish side.
Bank Nifty Support and Resistance
Pivot Point Level: 36,855
| Support | Resistance |
| S1 – 36,630 | R1 – 36,970 |
| S2 – 36,510 | R2 – 37,190 |
| S3 – 36,170 | R3 – 37,530 |
| S4 – 35,830 | R4 – 37,880 |
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 | |||||
| 15 Dec 2021 | 5,373.7 | 8,780.7 | -3,407 | 1,553 | 4,168.3 | 5,721.3 |
| Last 30 Days | 211,825.3 | 269,287.4 | -57,462.2 | 41,853 | 108,415.1 | 144,546.6 |
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Share Market News Today
> On Wednesday: India VIX went UP by 1.56% at 17.2175 (Previous was at 16.9525)
> Securities in F&O Ban for trade on Thursday, 16th Dec 2021: ESCORT, IBULHSGFIN, AND IDEA
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