Nifty & Bank Nifty Prediction for Tomorrow 28 December 2021

Table of Contents

Nifty Prediction for Tomorrow 28 December 2021

> Resistance will be the same as today at 17105, 17185 and then 17295 and Support below will be at 16990, 16920 and 16815

> On Monday, Nifty Cash, gap down opened and recovered and close at higher give some strong indication about Up Trends. Also closed above the Moving Avg bands, conclude of some strong UP- Trend. Now 16915 is crucial for DownTrend. Just watch the S-R Levels and Pivot point Levels for your references.

> For the Intraday, Buy above 17105 and Sell below 16990.

> MACD, on Monday holds above the Zero Line, so it 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: 1.15 – Positive (0.87 – Prev )

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

Nifty Prediction for Tomorrow – 28 Dec 2021: Technically Overall, the Trend of Nifty Cash is now purely in UP Trends. MACD holds above 0 Marks and 15 Mnt Candle is also above MAs bands. Only Nifty cash close below the Moving Avg bands level, and break below 16915 levels then it will confirm for Down Trend.

Nifty Support and Resistance

Pivot Point Level: 17,010

Support	Resistance
S1 – 16,965	R1 – 17,095
S2 – 16,910	R2 – 17,180
S3 – 16,820	R3 – 17,240
S4 – 16,740	R4 – 17,290

Nifty Support and Resistance

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Bank Nifty Prediction for Tomorrow 28 December 2021

> Resistance will be 35260, 35580 and then 35875 and Support now will be at 34675, 34390 and then 34050

> Monday, Bank Nifty Cash gap down opened and recovered and gives positive close. Bank Nifty is still below the Moving Avg bands which indicates the missing strength and still indicates the Bearish views. If 15 candles close above 35260 then the trend will get Bullish. Just watch the S-R Levels and Pivot point Levels for your references.

> Intraday Levels, Buy above 35260 and Sell below 34675

> Bank nifty MACD today moved above 0 lines, indicating of UP-Trends. Any close below 0 lines will change the trend to Down.

> Bank Nifty Current Weekly (Expiry – 30 Dec 2021) Option PCR at: 1.11 (0.80- Prev)

> Bank Nifty Weekly Option (Expiry – 30 Dec 2021) Max pain at: 35000 (35100- Prev)

Bank Nifty Prediction for Tomorrow – 28 Dec 2021: Technically Overall, In Both analysis indicates that Bank Nifty Cash is in a Neutral to Bullish sign. Now if Any 15 Mnt Candle close above Moving Avg bands level 35260, then it will change the trend to UP side.

Bank Nifty Support and Resistance

Pivot Point Level: 34,810

Support	Resistance
S1 – 34,475	R1 – 35,390
S2 – 34,180	R2 – 35,555
S3 – 33,900	R3 – 35,720
S4 – 33,450	R4 – 36,150

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
27 Dec 2021	1,996.94	3,035.19	-1,038.25	955.79	3,060.75	4,016.54
Last 30 Days	201,099.3	256,362.5	-55,263	44,390.5	107,912	152,302.4