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 PRE MARKET ANALYSIS by Shyam..

Date: 13 Dec 2021,

SGX Nifty: +57 US MARKETS: POSITIVE EUROPE: MIXED ASIAN MARKETS: POSITIVE NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 17547, 17564, 17611 Nifty50 Support: 17445, 17417, 17380, 17340 Bank Nifty Resistance: 37360, 37512, 37635 Bank Nifty Support: 36902, 36781, 36645 (Mark these levels on your Chart) Our View: As Sgx Nifty indicates, Nifty 50 is likely to open on flat to Positive Note. All the world major markets are trading in positive mode. Nifty50 made bullish candle and holding 20 DMA. This is 3rd day trying to breaking this level. Almost bank nifty also same 37500 is major resistance. If both are able to sustain above these levels, can see a good move on upside with the positive global cues. If not able to sustain stay lite and trade as per trend. 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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