Bank Nifty: According to the yesterday closing “44582” in Bank nifty, we can see the market is at resistance Level. As per the technical overview in Bank nifty, we can see on upside two crucial resistance is present at R1 44800 and R2 44950 On the other hand, on downside S1 44500 and S2 44300.
In a 45 min time frame Nifty Bank is showing an “W” pattern, below you can see in the chart.
Nifty: According to the yesterday closing “20096” in Nifty, we can see the market is at resistance Level. As per the technical overview in Nifty, we can see on upside two crucial resistance is present at R1 20150 and R2 22200 On the other hand, on downside S1 20050 and S2 20000.
In a 45 min time frame Nifty is showing a Double Top pattern, below you can see in the chart
- Wipro: In Wipro on a 45 min time frame we can see a Flag pattern, If the stocks is capable to break the Flag pattern, then we can see a strong upside in Wipro.
Global Events for today:
- CPI (YoY) (Nov) *EUR*���������������
- Initial Jobless Claim *USD*������������
- Core PCE Price Index (YoY) (Oct) ������������
F&O ban list:
- BALRAMCHIN, BHEL, GRANULES, IBULHSGFIN
Stocks in News:
- Tata Motors hit record high ahead of Tata Technologies listing
Reliance gains on ‘overweight’ tag from JP Morgan with 17% upside.