Nifty Prediction for Tomorrow 22 December 2021

Table of Contents

Nifty Prediction for Tomorrow 22 December 2021

> For Tomorrow, Resistance will be at 16895, 16990 and then 17105 and Support below will be at 16690, 16630 and 16490

> As remarked Yesterday, short-term rebounds happened in Nifty Cash. But Nifty cash is still below the Moving Avg bands, which is not confirmed yet for reversal of a trend. Just watch the S-R Levels and Pivot point Levels for your references. For the Intraday, Buy sign above 16895 and Sell sign below 16690.

> MACD still 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: 0.66 – Bearish (0.47 Yesterday)

> Nifty Option Weekly (Expiry – 23 Dec 2021) Max Pain at: 16800 ( 16700 Yesterday)

Nifty Prediction for Tomorrow – 22 Dec 2021: Technically Overall, Nifty Cash has still in a Bearish sign. Only MACD Level above 0 Marks and 15 Mnt Candle close above Moving Avg bands level 16990 will change to Bullish side.

Nifty Support and Resistance

Pivot Point Level: 16,800

Support	Resistance
S1 – 16,730	R1 – 16,855
S2 – 16,660	R2 – 16,910
S3 – 16,605	R3 – 16,980
S4 – 16,555	R4 – 17,055

Nifty Support and Resistance

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Bank Nifty Prediction for Tomorrow 22 December 2021

> Resistance will be 35140, 35705 and then 35875 and Support now will be at 34285, 34100 and then 33815

> As remarked Yesterday, short-term rebounds happened also in Bank Nifty Cash. But Bank Nifty cash is still below the Moving Avg bands, still not confirmed yet for reversal of a trend. Just watch the S-R Levels and Pivot point Levels for your references. For the Intraday, Buy sign above 35140 and Sell sign below 34285

> MACD today also (below Zero since 15 Dec 2021) continues moving below 0 line indication of Negative Trends for tomorrow.

> Bank Nifty Current Weekly (Expiry – 23 Dec 2021) Option PCR at: 0.60 –Bearish (0.48 Yesterday)

> Bank Nifty Weekly Option (Expiry – 23 Dec 2021) Max pain at: 34900 (35000 Yesterday)

Bank Nifty Prediction for Tomorrow – 22 Dec 2021: Technically Overall, Bank Nifty Cash has still in a Bearish sign. Only MACD Level above 0 Marks and 15 Mnt Candle close above Moving Avg bands level 35800 will change to Bullish side.

Bank Nifty Support and Resistance

Pivot Point Level: 34675

Support	Resistance
S1 – 34,315	R1 – 34,975
S2 – 34,175	R2 – 35,175
S3 – 34,025	R3 – 35,345
S4 – 33,700	R4 – 36,000

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
21 Dec 2021	5,883.4	7,093.2	-1,209.8	1,404.9	4,733.7	6,138.6
Last 30 Days	208,968.5	270,333.6	-61,365	45,107	109,648.3	154,755.2