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  Good Morning Traders, PRE MARKET ANALYSIS by Shyam.. Date: 22 Dec 2021, SGX Nifty: -57 US MARKETS: POSITIVE EUROPE: POSITIVE ASIAN MARKETS: POSITIVE NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 16789, 16849, 16940 Nifty50 Support: 16721, 16676, 16606, 16566 Bank Nifty Resistance: 34775, 35057, 35315 Bank Nifty Support: 34386, 34108, 33887, 33716 (Mark these levels on your Chart) Our View: As Sgx Nifty indicates, Nifty 50 is likely to open on Positive Note. All the world major markets are trading in Green. What a turnaround in US markets and major markets are following the same. Still Omicron cases are surging around the world. Coming to our markets, if we see a gap up – sustainability is the question? Nifty 50 formed a doji candle and not able to break previous day low, which is good for bulls. If our markets also goes up, then 17200 is range can be tested in near time before deciding the direction. For intraday, if trading above 16950 – will go long or if ...
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  Good Morning Traders, PRE MARKET ANALYSIS by Shyam.. Date: 4 January 2022 SGX Nifty: -10 US MARKETS: POSITIVE EUROPE: MIXED ASIAN MARKETS: NEGATIVE NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 17650, 17688, 17750 Nifty50 Support: 17564, 17517, 17445 Bank Nifty Resistance: 36490, 36567, 36645 Bank Nifty Support: 36198, 36124, 35906 (Mark these levels on your Chart) Our View: As Sgx Nifty indicates, Nifty 50 is likely to open Flat Note. All the world major markets are trading in Negative to Mixed. US markets closed green on the first day of the year. DIIs & FIIs are both on Buy side yesterday and Nifty 50 formed a sizable Bullish candle, today or tomorrow is most crucial day for bulls – whether can they climb and sustain at this levels or they give up? On Dec 13 Nifty tested the same levels and couldn’t sustain, tested recent low i.e. 16407. Now nifty at the same level, once this level get cleared, we can see a good up move. Even bank nifty also stands a...
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Good Morning Traders, PRE MARKET ANALYSIS by Shyam.. Date: 28 Dec 2021, SGX Nifty: +89 US MARKETS: POSITIVE EUROPE: POSITIVE          ASIAN MARKETS: MIXED   NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 17117, 17168, 17218 Nifty50 Support: 16985, 16928, 16902 Bank Nifty Resistance: 35150, 35325, 35429 Bank Nifty Support: 34775, 34601, 34374 (Mark these levels on your Chart)   Our View: As Sgx Nifty indicates, Nifty 50 is likely to open Positive Note. All the world major markets are trading in Green to Mixed. What a U turn of the markets! Irrespective of Omicron tensions US & UK markets are rallying, obviously Indian markets will catch up the same direction. Still Bank Nifty is below 200 MA only and Nifty 50 under 100 MA, both will face resistance at these levels, still RSI below 50 only for both. Once it’s cleared we can see a good strength for a healthy up move. Nifty 50 holds 17150 – ...
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