Now market is ready for the fresh take-off...

WEEKLY EQUITY BULLETIN FROM 13 DEC TO 17 DEC 2021

Bulls retained their control over Dalal Street for the second consecutive week. The easing of new Covid variant concerns and more dovish than expected RBI monetary policy boosted market sentiment, pushing the BSE Sensex higher by more than 1,000 points during the week despite persistent FII selling.

The BSE Sensex rallied 1,090.21 points or 1.89 percent to 58,786.67, and the Nifty50 jumped 314.60 points or 1.83 percent to 17,511.30, backed by rate-sensitive, infra, FMCG, and metals stocks. The broader markets also joined the bulls' party with the BSE Midcap and Smallcap indices rising 2 percent and 3 percent respectively.

Nifty Future

On the weekly basis, Nifty has Resistance around 17800, if it breaks and closes above 17800 will see an upside rally till 18150 and further to 18400 levels in days to come.

Major support around 17200, if it breaks & closes below 17200 will see sharp downside panic till 16850 and then to 17700 levels in days to come.

Intraday Levels

Nifty Future has resistance around 17600, breaks above 17600 will see intraday upside movement till 17750---17800 levels while Support around 17400, breaks below 17400 will see intraday sell-off till 17250---17200 levels on the Monday trading session.

Bank Nifty Future

On the weekly basis, Bank Nifty has Resistance around 38000, if it breaks and trades above 38000 will see an upside rally till 38800 and further to 39200 levels in upcoming trading sessions.

Major Support around 36500, if it breaks and close below 36500 will see downside fall till 35800 and further to 35500 levels in upcoming trading sessions.

Intraday Levels

Bank Nifty Future has resistance around 37600, breaks above 37600 will see an intraday upside movement till 37850---38000 levels while Support around 37000, breaks below 37000 will see intraday sell-off till 36700---36500 levels on the Monday trading session.

Weekly Top Pick Stock

Buy ASTRAL FUTURE around 2280 with a stop loss below 2200 levels for an upside movement till 2370----2420 +++ levels in days to come.

Buy CENTURY TEX above 850 with a stop loss below 820 levels for an upside movement till 885----900 levels in days to come. *T&C Apply...