A weak start will expect from the market...

WEEKLY EQUITY BULLETIN FROM 22 NOV TO 26 NOV 2021

A spiraling selling pressure dragged the benchmark indices below their crucial levels of 60,000 for the Sensex and 18,000 for the Nifty50 last week. The rising inflation concerns on the global front, in turn, may indicate faster-than-expected rate hikes, consistent FII selling, and higher valuations.

The BSE Sensex was down 1,050.68 points or 1.73 percent to close at 59,636.01, while the Nifty50 fell 337.95 points or 1.87 percent to 17,764.80, while the broader markets were also under pressure with the BSE Midcap and Smallcap indices falling 1.71 percent and 1.5 percent. All the major sectors, barring auto, closed in the red.

Nifty Future

On the weekly basis, Nifty has Resistance around 18000, if it breaks and closes above 18000 will see an upside rally till 18500 and further to 18800 levels in days to come.

Major support around 17500, if it breaks & closes below 17500 will see sharp downside panic till 17000 and then to 16850 levels in days to come.

Intraday Levels

Nifty Future has resistance around 17850, breaks above 17850 will see intraday upside movement till 18000---18100 levels while Support around 17700, breaks below 17700 will see intraday sell-off till 17500---17350 levels on the Monday trading session.

Bank Nifty Future

On the weekly basis, Bank Nifty has Resistance around 39000, if it breaks and trades above 39000 will see an upside rally till 40000 and further to 40200 levels in upcoming trading sessions.

Major Support around 37500, if it breaks and close below 37500 will see downside fall till 37000 and further to 36600 levels in upcoming trading sessions.

Intraday Levels

Bank Nifty Future has resistance around 38250, breaks above 38250 will see an intraday upside movement till 38500---38650 levels while Support around 37800, breaks below 37800 will see intraday sell-off till 37500---37400 levels on the Monday trading session.

Weekly Top Pick Stock

Sell TVS MOTOR FUTURE below 720 with a stop loss below 745 levels for a downside movement till 700----690 levels in days to come. *T&C Apply...