Today Nifty & Bank Nifty State of Market

Nifty & Bank Nifty

Nifty Spot View: 22/12/2022
Cmp: 18199.10
Support & Downside Range: 18150—18060—18000--17920
Resistance & Upside Range: 18284.40—18318--18367
Short-Term Trend Reversal Level: -- 18473.35
Trading View: Yesterday we saw strong selling pressure in both nifty and bank nifty from the high of the day and we close almost at a day low in both the index now today on a weekly expiry day and the positive global market we have the key level to watch which is 18284.40 spot levels if nifty unable to cross this levels after opening breaks 18163 which is yesterday's low then we may see another leg of intense selling pressure in our market despite of positive global market which may lead nifty towards 18060—18000 minimum and max 18792 spot levels whereas if bulls manage to cross 18284.40 than we may see stable day today and in that case, nifty may remain between 18318 to 18367 spot levels.

BankNifty Spot View For: 22/12/2022
Cmp: 42617.95
Support & Downside Range: 42363—42000--41700
Resistance & Upside Range: 42935—42985--43185
Short-Term Trend Reversal Level: -- 43614.65
Trading View: Yesterday we saw intense selling pressure in the bank index, in today's weekly expiry day session key level to watch is the 42935—42985 spot zone if the bank index does not cross this level and breaks yesterday's low which is 42363 then despite of positive global market we may again see strong and intense selling pressure in bank index which may lead it towards minimum 42000 and max 41700 levels if bank index manages to cross 42935—42985 then we may see a stable day and bank index might remain in the range of 42935 to 43185.

Do not trade today in dec options whatever trade you taking take Jan's first week for new trades

A new variant of the corona is causing fear in the Indian market and so vix has shot up..

Nifty after opening high posted 18318.75 and bang sold off and trading at 1 8 2 5 0 , bank nifty posted high of 4 2 9 3 4 and bank sold off and traded at 42765 power of our levels

Banknifty live update CMP 42713 a break and sustain below 42550 we may again see intense selling to start in bank index watch how 4 2 5 5 0 behaves here

Alert: 18148-18080 is a strong support zone for Nifty for any bounce back.

Nifty Future Prediction 2023

There is war, inflation, and geopolitical issues. Volatility will continue to remain high. We believe the second half of 2023 would be better than the first half.

Make use of our daily Nifty & Bank Nifty tips and start making money on a daily basis.

NIFTY OPTION ANALYTICS CHART WHICH SHOWS THAT NIFTY LIKELY TO EXPIRE BETWEEN 18100 AND 18200

Nifty - Current Expiry - Critical Option Analytics Data
Strongest Support	Strengthening Support	PCR	MaxPain	Strengthening Resistance	Strongest Resistance
18100	18100	0.603979	18150	18200	18200