Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 19.12. 2021                        NIFTY SPOT   16985

 

Hi Readers,

Nifty fell in the last week as it broke 17418.

Bank Nifty was the weakest of the lot.

It was mentioned that below 17418 no confidence in buying and 17218 is important support.

As soon as the support broke Nifty fell sharply.

 

Now What:-

Now Nifty will remain weak and that 17218 will act as important resistance now. Below it the texture is sell on every rise.

 

Trade Accordingly.