Nifty Spot View: 06/12/2022
Cmp: 18701.05
Support & Downside Range: 18629—18591 zone, 18540--18500
Resistance & Upside Range: 18740—18787 zone, 18888
Short-Term Trend Reversal Level: -- 18129
Trading View: Intraday bias remains bullish till nifty trading above 18629 spot levels and in such case, it may try to move upside towards 18740—18787 minimum and max 18888 whereas a break below 18629 spot bias goes sideways and below 18591 bias goes weak and in that case, we may fall 18540 minimum and max 18500 levels.
Cmp: 18701.05
Support & Downside Range: 18629—18591 zone, 18540--18500
Resistance & Upside Range: 18740—18787 zone, 18888
Short-Term Trend Reversal Level: -- 18129
Trading View: Intraday bias remains bullish till nifty trading above 18629 spot levels and in such case, it may try to move upside towards 18740—18787 minimum and max 18888 whereas a break below 18629 spot bias goes sideways and below 18591 bias goes weak and in that case, we may fall 18540 minimum and max 18500 levels.
Nifty today
As stated yesterday, the entire week will be subdued and in a range. The issue is a fall in trading volumes. Exit polls were a forgone conclusion so that should not be a problem. We do not think a gap down of 100 will happen, we think max of 50/60 as the mother market has fallen in USA.
Make it a habit to check our daily Nifty today levels.
Events
07th Dec : RBI Policy decision
08th Dec : Gujrat & hp Election Results
13th Dec : US CPI
14th Dec : US Fed Fund Rates Decision
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