Morning Market Insight Report – 07 December 2021

Bank Nifty Intraday Outlook

  • Pattern: Continuous falling channel
  • Important Support Zones: 35750-35625-35500
  • Important Resistance Zones: 36000-36225-36350
  • On the sectoral front, the Nifty IT was the biggest loser, falling 2.7 percent
    amid correction in US technology stocks. Nifty Bank, Auto, Financial Services,
    FMCG, Metal and Pharma indices declined 1-2 percent.

Nifty Intraday Outlook

  • Pattern: Falling channel
  • Important Support Zones: 17080-17000-16920
  • Important Resistance Zones: 17300-17450-17575
  • Markets witnessed a volatile day of trade, with the benchmark
    index posting a strong selloff during the second half of the trade.

Nifty Intraday Pivot Table

Daily market statistics

Daily market statistics

Disclaimer

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