Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 12.12. 2021                        NIFTY SPOT  17511

 

Hi Readers,

Nifty gave a smart rebound with gap on daily chart.

 

Now What:-

Now, till the time the gap holds on Nifty it can give more upside.

Now the level of 17218 on the down side will act as an important support level.

PSU banks are giving boost to Bank Nifty.

In the coming week till Nifty is above 17418 the urge to look for buying possibilities will be strong together with the eye on PSU banks if they are holding steady and Nifty holding above 17418 the view is on. Else just step aside.

Because the gap will not allow us to short in coming week and below 17428 the confidence will not be strong for buying.

Trade Accordingly.