Will Nifty Regain Lost Points in Last Week of Dec?

Nifty is likely to open flat as European and American markets are closed today due to Christmas. So, no global cues. The only open markets are Chinese, Taiwan, and Hongkong, etc which are trading flat.

This is the last week of the month and the year. So somewhat important and significant for traders and investors. We shared our derivative view yesterday, hence the commentary will be short and crisp.

Do not short is the only message as the market can rebound from these levels. The chances of an upmove are more than a downfall. If the market consolidates for the first half an hour then chances of upmove are on the higher side. You may or may not buy hardly anything that is left on the short side.

However on the flip side if the fall continues then it can fall to the 17200 level.  Nifty did not give our desired close even after completing our downside levels which we were playing since 18427 broke and it's giving a close near an extremely crucial level so is the reason we said the close is not good and need to review on Monday after Monday opening that what sort of wave counts is forming...

Nifty.  Support at 17700-730 and resistance at 17990 and then 18070.

BankNifty. Support at 41300 and resistance at 42500.

Expect some reversal to consolidation this week before a trend move.

If you donot want to miss our amazing trades and want to make money, then none can beat our bank nifty tips for tomorrow as we trade bank nifty options which requires a small capital of Rs 5000 to get started. 

Securities in Ban For Trade Date 26-DEC-2022 is IBULHSGFIN