• Deepak

Index levels for 19 Dec

Nifty Spot closed at 12221

Resistance at 12265 / 12285

Support at 12160 / 12130


BankNifty Spot closed at 32244

Resistance at 32395 / 32465

Support at 32050 / 31900


View: - Nifty Bank did a attempt to move down yesterday but was unable to fall below the 1st support levels. HDFC Bank seems to have woken up for now. Idea should be to look for bullish trades unless there is a failure at the range highs ( Which is not there for now ) , also if there is Zero Buying interest intraday spotted ( Which i will update ).


Nifty on other hand has now given a clearer breakout above the ATH levels and is now in sync with moves of BankNifty.


Few Stocks on radar today for bullish moves are Escorts (above Yesterday High) , IndusBank (above Yesterday High) with stoploss at Today's low when the trade gets triggered.

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