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Good Morning Traders, PRE MARKET ANALYSIS by Shyam..

Date: 15 Dec 2021,

SGX Nifty: -11

US MARKETS: NEGATIVE

EUROPE: NEGATIVE       

ASIAN MARKETS: NEGATIVE

 

NIFTY & BANKNIFTY LEVELS FOR TODAY.

Nifty 50 Resistance: 17380, 17417, 17446

Nifty50 Support: 17305, 17275, 17217

Bank Nifty Resistance: 37045, 37120, 37244

Bank Nifty Support: 36781, 36645, 36560, 36489

(Mark these levels on your Chart)

 

Our View: As Sgx Nifty indicates, Nifty 50 is likely to open on flat to Negative Note. All the world major markets are trading in Red, as global cues are negative and again focusing on Omicron variant and Federal meet on next week. Overall the market structure looks weak, as we said yesterday, sell on rise will working at present scenario.

For short term view: Till it breaks the major Upside i.e. 18065 – 18205 Level band, will continue our view as BEARISH only.

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