Nifty Prediction Today 02 December 2021

Nifty Prediction Today 02 December 2021

Nifty Prediction Today 02 December 2021

Nifty Prediction 02 December 2021 – On Wednesday, Nifty Cash opened a huge gap up at 17,104.40 about 120 points higher, then continue buying to make a High of 17,213.05 at 11.25 AM. After that started a downside intraday Low at 17,064.25 and Finally again rises to Close at 17,166.90 about 184 points Positive UP.

Nifty Prediction Today 02 December 2021
Nifty Support and Resistance

Nifty Technical Analysis: Technically, Nifty cash looks now in Sideways Trend. Only will get UP trend if Nifty cross 17340 Level. 17340 level is a very crucial level to watch, any Hourly candle close above will change Short term trends.

> In Chart, Resistance will be at 17215, 17340, and then 17570, and Support will be at 16935, 16790, and 16700.

> In Chart, Super Trend is still holding Positive trigger. Yesterday, RSI again rises above 40 Marks and rest on 50 marks, if it crosses 60 marks then confirm the Bullish Trend. So both indicators indicate some Bullishness. Now Super Trend Line still is at 16915, which will act as a good Support.

> Now some changes are seen in structure LH-LL, New HL made at 16930 which makes structure looks sideways. Now if Nifty Cash moves above 17325(LH), then the structure will change to Bullish.

Nifty Support and Resistance

Close :  17,166.90

Pivot Point Level: 17,148

SupportResistance
S1 – 17,115R1 – 17,190
S2 – 17,085R2 – 17,230
S3 – 17,040R3 – 17,265
S4 – 16,995R4 – 17,295
Nifty Support and Resistance

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Bank Nifty prediction today 02 December  2021

Bank Nifty Prediction Today 02 December 2021 – On Wednesday, Bank Nifty, also gap up opened at 35,902.90 about 200 points, thereafter Bank Nifty made Intraday Low at 35,805.00. After that started UP with huge buying to make a High of 36,445.35 and Finally Close at 36,364.90 about 669 points Positive UP.

Bank Nifty Prediction Today 02 December 2021
Bank Nifty Support and Resistance

Bank Nifty Technical Analysis: Technically, Indicators and Structure of Bank Nifty indicates that now trend changed to Sideways trend. Now if Bank Nifty Cash crosses 36760 Level, then Trend will get Bullish.

> Resistance will be 36530, 36775 and then 37490. Support now will be at 35720, 35525 and then 35320.

> Super Trend is still holding a Negative trigger. Yesterday, RSI also rises above 50 Marks and at closing, it rested on 50 marks. Now if it crosses 60 marks then confirm the Bullish Trend. So both indicators indicate the Side Ways market. Now Super Trend Line still is at 36530, if the Hourly candle closes above 36530, then trends will be changed to Positive.

> Now some changes are seen in structure LH-LL of Bank nifty also, New HL made at 35525 which makes structure change to Sideways. Only if Bank Nifty Cash moves above 36775(LH), then it makes the structure Bullish.

Bank Nifty Support and Resistance

Close :  36,364.90

Pivot Point Level: 36,205

SupportResistance
S1 – 35,965 R1 – 36,605
S2 – 35,765R2 – 36,725
S3 – 35,565R3 – 36,845
S4 – 35,245R4 – 37,165
Bank Nifty Support and Resistance

FIIs and DIIs Data

Figures of the Cash market

DateGross PurchaseGross SalesNet Purchase/Sales Net Purchase/Sales Gross Sales Gross Purchase
FIIs Net in Crores DIIs Net in Crores
01
Dec 2021
8,588.511,354.3-2,765.83,4673,184.96,651.9
Last 30 Days212,792.5255,460.1-42,667.634,027.3108,674.2142,701.5
FIIs and DIIs Data

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On Wednesday: India VIX strongly went DOWN by -8.13 % at 19.4475 (Previous was at 21.1675)

> Securities in F&O Ban for trade Thursday, 02nd Dec 2021:  IBULHSGFIN

Disclaimer

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