Nifty 23 December 2021

Good Morning,

My today Nifty view...Please watch levels. If anyone takes a trade-in index, then book a small profit as per digestion. Be cautious in Index trade. 

Remember:

1. The market is supreme.
2. My view is also wrong.

Still, My same opinion if you have patience then...focus on the cash stocks market...7-15 day's hold and book good and safe profit.

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Nifty: 

Market ATH Little bit of correction comes there only buying opportunity but buying on a correct level. Weekly expiry today both sides moves comes. 

Today's important level is 16850 on the downside and the upper side is 17050.   

Strong Support 16500-16800 Levels

Strong Resistance 17150-17200 Levels. 

Current Week PCR: 0.85

Scenario 1: If 16980 levels sustain then the next target comes 17200 (200-300 points Short covering till expiry)

Scenario 2: If rejection comes 17050-17075 levels then again downside is expected in the upcoming week or If breakout then a little bit of upside comes 17400 levels. 

Nifty positive then go for the buying side if nifty negative then go the selling side. 

Overall Sectors specific is better.