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Tuesday is here & so are the sectors of the day!
What are your views on the market today? π€
It will go up π
It will go down π
It will be flat π
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Both the indices are bearish but at some support, there can be short term bounce and then they can fall again
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PCR is 1.25 around ATM and 0.7, PCR and OI data is not clear, we will watch it between the market how it is changing.
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As we are sharing the view fresh buying is only above 24800 and it did not go above 24800
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Here Are The Sectors Of Today!
The bears are here, but the bull seems missingπ±π¨
How do you feel the market will open?π€
Up π
Down π
Flat π
Don't know π
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π« Market Metrics: Weekly Roundup
β Sensex: 78,041.59 β¬οΈ
β Nifty 50: 23,587.50 β¬οΈ
β Nifty Bank: 50,759.20 β¬οΈ
β Nifty Smallcap 100: 18,714.30 β¬οΈ
β Nifty Midcap 100: 56,960.75 β¬οΈ
β¨ Market Performance Key Takeaways For The Week
π The markets witnessed a dreadful week as key indices fell dramatically and erased the gains of the last four weeks with the benchmark Nifty 50 falling into a bottomless pit, marking a total loss of nearly 5% or 1200 points and closing at 23587.
π While the market sentiment has turned bearish, 23200-23100 could now act as potential support zone while a breach can cause a further downside towards 22800. An intermediate resistance is expected at 23800-24000 followed by stiff resistance in 24150-24300 zone.
π The market participants are advised to stay cautious, consider the recent developments, and approach the markets with proper risk management and refrain from taking complacent bets for the time being.
π BANKNIFTY endured a brutal week and lost nearly 2000 points or 5%, closing at 50,759. While the overall outlook remains bearish, the participants are advised to use any rebounds toward immediate resistance levels in the 50950-51110 zone to initiate fresh bearish positions. The immediate support is expected in the 50660-50600band and major support zone is anticipated at 49800-49700.
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β¨ News Highlights For The Week
π Accenture ushers in holiday season with $1.2 billion in Gen AI orders
π Industry pushes for simplified GST structure amid concerns over 35% slab proposal
π Adani Group plans Rs 20K crore super critical thermal power plant in Bihar
π HC upholds tender awarded to Adani Group to redevelop Dharavi slum sprawl
π 'India charges a lot': Donald Trump threatens 'reciprocal' tariffs
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Disclaimer: https://bit.ly/3usSGoH
Sources: Angel One Research | Mint | FE | BS | ET | BS |
Date: December 20, 2024
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