Kal Ki Baat Aaj, Imporant Levels and Technical Analysis of Nifty BankNifty For 20th Dec Episode No 277

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Stock Market Highlights

On Friday, the BSE and National Stock Exchange (NSE) benchmark equity indices closes in red as bears forced the domestic market.

Top Gainer of the day on the Nifty100 were Infosys, L&T InfoTech, General Insurance, HCL Technologies among this Wipro was the top gainer of the day with 4.11% gain.

Top loser of the day on the Nifty100 were Indus Tower, Tata Motors, United Spirits, Bank Of Baroda among this Induslnd Bank was the top loser of the day with 4.88% loss.

Market Indexes/India
Index NIFTY 50 SENSEX NIFTY BANK
Open 17,276.00 58,051.63 36,491.80
Precious Close 17,248.40 57,901.14 36,548.65
Today’s High 17,298.15 58,062.28 36,550.75
Today’s Low 16,966.45 56,950.98 35,535.05
52 Week High 18,604.45 62,245.43 41,829.60
52 Week Low 13,131.45 44,923.08 28,976.75
Index NIFTY IT S&P BSE Small cap
Open 36,704.20 29,117.17
Precious Close 35,160.30 29,055.82
Today’s High 37,013.25 29,117.57
Today’s Low 36,497.95 29,429.09
52 Week High 37,823.15 30,416.82
52 Week Low 22,458.15 16,387.53
Nifty future levels in advance EP-277, last closed at 17,024.

As we all know market is unpredictable, so to give a clear picture we have divided the whole article in certain cases.

Case 1: 17,147_17,171 will act as our hurdle. Yes on rise sell below 17,247. Panic slide up to 16,730_16,670.

Bank Nifty future level in advance EP-277, last closed at 35,800.

Case 1: 36,070 will act as our hurdle. Below 35,630 will see panic up to 35,136_34,830.

Case 2: 36,870_37,256 will act as upper hurdle. Yes one small cat bounce 36,256 once break and stay above this level and not break 36,070 than will zoom to kiss 36,570_36,870.

Data of FIIs & DIIs

In the Indian Equity Share Market, The available provisional data of the National Stock Exchange (NSE).

Share worth Rs. 2,069.90 Crore were Net sold by Foreign Institutional Investors (FIIs), whereas shares worth Rs. 1,478.52 Crore was the net bought by Domestic Institutional Investors (DIIs) on December 17.

US Markets

On Friday, Wall Street ended lower, weighed down by beg technologies as investor worried about the new corona virus variant and the Federal Reserve’s decision for its pandemic-era to stimulus faster.

35,365.44 to 1.48%, the Dow Jones Industries Average moved down, whereas the Nasdaq Composite slipped 0.7% to 15,169.68 and S&P 500 lower 1.03% to 4,620.64.

Asian Markets

On Monday, Asia-Pacific market fell and oil prices slid as surging new corona virus cases triggered tighter restrictions in Europe and threatened to drag on the global economy into the New Year.

Japan’s Nikkei 225 Lost 0.70% were as Japan slipped 0.40%.

Market Indexes/Global
Index NASDAQ FTSE DAX CAC
Open 15,036.77 7,260.61 15,599.75/td> 6,982.07
Precious Close 15,180.44 7,260.61 15,636.40 7,005.07
Intraday High 15,288.78 7,286.50 15,609.51 7,011.61
Intraday Low 14,960.37 7,236.17 15,419.55 6,884.91
52 Week High 16,212.23> 7,402.68 16,290.19 7,183.08
52 Week Low b12,397.05b b6,382.61b b13,310.42b b5,379.22b
Disclaimer

Financial markets are volatile in nature and are subject to market risks. Please Note Neither Harinder Sahu / King Research or employees or associates will not be liable in any manner for the consequences of such action taken by you. This is only for educational purposes and not provide any advice/tips on investment or recommend buying and selling any stock. We neither take guarantee of profit nor stand responsible for any losses of any recipient. The recipients of this material should take their own professional advice before acting on this information the recipient is advice to read the information carefully before any investment.

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