Morning Market Insight Report – 02 December 2021

Bank Nifty Intraday Outlook

 Pattern: downward slopping channel
 Crucial Support Zones: 36310-35995-35660
 Crucial Resistance Zones: 36740-37030- 37198
 Comments: Bank Nifty outperformed the Nifty by ~0.9% with both the indices closing in the green. Financial stocks like Axis Bank, ICICI Bank & SBI were among the top index contributors adding fresh long positions.

Nifty Intraday Outlook

 Pattern: ab = cd formation
 Crucial Support Zones: 17100-17040-16960
 Crucial Resistance Zones: 17350-17455
Comments: Markets witnessed a volatile day of trade, with the benchmark index posting a strong recovery during the closing part of the trade to closing around intraday highs.

Pivot Levels

Daily market statistics

Daily market statistics

Disclaimer

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