Nifty Prediction for Tomorrow 21 December 2021

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Nifty Prediction for Tomorrow 21 December 2021

> In Chart, For Tomorrow, Resistance will be at 16710, 16790 and then 16895 and Support below will be at 16420, 16340 and 16710

> As expected, Today Nifty remained also heavy bearish, heavy fallout today saw then Friday. Short Term indicators are in Oversold Zone, so rebound will be seen likely in Nifty. Still, Nifty indicates the Weak Bearish sign. Just watch the S-R Levels and Pivot point Levels for your references. The level to watch is 15 Mnt candle close above 16710 for change in trend.

> MACD continues to move below Zero line indication of Negative Trends. MACD gave a Negative trigger Since 13 Dec 2021.

> Nifty Current Weekly (Expiry – 23 Dec 2021) Option PCR at: 0.47 – Bearish (0.49 Yesterday)

> Nifty Option Weekly (Expiry – 23 Dec 2021) Max Pain at: 16700 ( 17100 Yesterday)

Nifty Prediction for Tomorrow – 21 Dec 2021: Technically Overall, Nifty Cash has still in a Bearish sign. Level 16710 (Intraday -15M Candle close above and Day closing) is crucial to watch for the Bullish side.

Nifty Support and Resistance

Pivot Point Level: 16,625

Support	Resistance
S1 – 16,515	R1 – 16,725
S2 – 16,400	R2 – 16,830
S3 – 16,295	R3 – 16,950
S4 – 16,200	R4 – 17,040

Nifty Support and Resistance

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Bank Nifty Prediction for Tomorrow 21 December 2021

> Resistance will be 34860, 35340, 35705 and then 35875 and Support now will be at 34100, 33815 and then 33280

> As Expected, Bank nifty heavily fallout today also. BankNifty and Moving Average Band gaps more widen. Short-term Indicators are in the oversold zone, rebound likely in Bank Nifty. Still Bank Nifty indicates Bearish trends. Just watch the S-R Levels and Pivot point levels also for your references. The level to watch is above 34860 for Teji (Intraday 15M candle to close above and Day closing above)

> MACD still (below Zero since 15 Dec 2021) continues to move below 0 line indication of Negative Trends for tomorrow.

> Bank Nifty Current Weekly (Expiry – 23 Dec 2021) Option PCR at: 0.48 –Bearish (0.48 Yesterday)

> Bank Nifty Weekly Option (Expiry – 23 Dec 2021) Max pain at: 35000 (36000 Yesterday)

Bank Nifty Prediction for Tomorrow – 21 Dec 2021: Technically Overall, Bank Nifty Cash is still in a Bearish sign. Level 34860 is a very crucial level to watch for the Bullish side. (for Intraday 15M candle to close above and for Positional Day closing above)

Bank Nifty Support and Resistance

Pivot Point Level: 34550

Support	Resistance
S1 – 33,890	R1 – 35,110
S2 – 33,620	R2 – 35,440
S3 – 33,350	R3 – 35,770
S4 – 32,750	R4 – 36,380

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
20 Dec 2021	6,744.4	10,309.8	-3,565.4	2,764	5,982.2	8,746.2
Last 30 Days	203,085.1	263,240.4	-60,155.2	43,702.1	104,914.6	148,616.6