Morning Market Insight Report – 01 December 2021

Bank Nifty Intraday Outlook

 Pattern: downward slopping channel
 Crucial Support Zones: 35325-35250-35080
 Crucial Resistance Zones: 36425-36600-36750
 Comments: The important pivot level, which will act as crucial support for the index, is placed at 35,223.06, followed by 34,750.83. On the upside, key resistance levels are placed at 36,470.86 and 37,246.43 levels.

Nifty Intraday Outlook

 Pattern: ab = cd formation
 Crucial Support Zones: 16975-16850-19725
 Crucial Resistance Zones: 17125-17350-17425
Comments: Markets witnessed a volatile day of trade, with the bench-mark index witnessing heavy selling during the closing hour of the trade. Financial & Metal stocks were among the top laggards while the IT stocks outperformed.

Pivot Levels

Daily market statistics

Daily market statistics

Disclaimer

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