📊 Market Update
🗓 Date: 10th Dec, Tuesday
Good Morning AISM Family ❤️
🌏 Global Markets: Global markets are suggesting positive signals, so our Indian markets are likely to start with a Flat To Gap Up opening today.
📈 Market Update:
The week started with muted movements. Markets opened flat and remained in a small range. This range has persisted for the last three working days in Nifty and BankNifty. Sectors including small-cap, mid-cap, and IT are performing well, whereas Pharma is under pressure. FIIs made significant net selling positions in the cash market on Monday.
📢 Market Expectations:
The current market consolidation suggests a potential big move soon, supported by two cues: U.S. inflation data due on Wednesday, which will directly impact foreign flows, and India’s CPI data due on Thursday. Overall, the view for the day is sideways to positive.
📈 Trading Plan:
We’ll observe how the market unfolds before making entries. If the market trends upward, we’ll follow the rise.
🎯 Today's Focus:
We're keeping an eye on Bank Nifty & Nifty for opportunities.
💹 Important Levels to Watch
#BankNifty
- Support: 53350₹ - 53000₹
- Resistance: 53850₹ - 54300₹
#Nifty
- Support: 24580₹ - 24420₹
- Resistance: 24770₹ - 24950₹
🗓 Date: 10th Dec, Tuesday
Good Morning AISM Family ❤️
🌏 Global Markets: Global markets are suggesting positive signals, so our Indian markets are likely to start with a Flat To Gap Up opening today.
📈 Market Update:
The week started with muted movements. Markets opened flat and remained in a small range. This range has persisted for the last three working days in Nifty and BankNifty. Sectors including small-cap, mid-cap, and IT are performing well, whereas Pharma is under pressure. FIIs made significant net selling positions in the cash market on Monday.
📢 Market Expectations:
The current market consolidation suggests a potential big move soon, supported by two cues: U.S. inflation data due on Wednesday, which will directly impact foreign flows, and India’s CPI data due on Thursday. Overall, the view for the day is sideways to positive.
📈 Trading Plan:
We’ll observe how the market unfolds before making entries. If the market trends upward, we’ll follow the rise.
🎯 Today's Focus:
We're keeping an eye on Bank Nifty & Nifty for opportunities.
💹 Important Levels to Watch
#BankNifty
- Support: 53350₹ - 53000₹
- Resistance: 53850₹ - 54300₹
#Nifty
- Support: 24580₹ - 24420₹
- Resistance: 24770₹ - 24950₹