Nifty Prediction for Tomorrow 16 December 2021

Nifty Prediction for Tomorrow 16 December 2021

Nifty Prediction for Tomorrow 16 December 2021

Nifty Prediction for Tomorrow 16 December 2021
Nifty Chart

> 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

SupportResistance
S1 – 17,205R1 – 17,285
S2 – 17,160R2  – 17,320
S3 – 17,125R3  – 17,365
S4 – 17,090R4  – 17,410
Nifty Support and Resistance

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Bank Nifty Prediction for Tomorrow 16 December 2021

Bank Nifty Prediction for Tomorrow 16 December 2021
Bank nifty chart

> 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

SupportResistance
S1 – 36,630R1 – 36,970
S2 – 36,510R2 – 37,190
S3 – 36,170R3 – 37,530
S4 – 35,830R4 – 37,880
Bank Nifty Support and Resistance

FIIs and DIIs Data

Figures of the Cash market

150,267.9DateGross BuyGross SellNet Buy/Sell Net Buy/Sell Gross Sell Gross Buy
FIIs Net in Crores DIIs Net in Crores
15
Dec 2021
5,373.78,780.7-3,4071,5534,168.35,721.3
Last 30 Days211,825.3269,287.4-57,462.241,853108,415.1144,546.6
FIIs and DIIs Data

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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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