What To Expect On 2nd December:
So what to expect tomorrow? Nifty future above 5131 will touch 5168 on the higher side. Is the road closed at 5168? Just remember, very important strong resistance exists at 5168. If crosses with volume Nifty future will enter new bull orbit. If can not cross or can not sustain above 5168, then?? Support exists at 5119/5108. Now if breaks 5108 we will see intraday slide till 5082. 5082 will now act as major support. If breaks 5082, intermediate supports exist at 5067/5052. Bears will rule over the bulls only if 5052 is broken on the downside. So far volume not supporting this rally, that is definitely a matter of worry for the bulls.
Bank Nifty future major supports now exists at 9146/9125/9098. Above 9319 it will touch 9345/9350, but then?? If crosses 9350 with volume then?? If can not cross 9350 and trades below 9319, then?? You need to subscribe to the Nifty pack, for full market hour guidance.
Nifty future important levels for Wednesday, 2nd December:
R3 5257 R2 5198 R1 5165 PP 5105 S1 5072 S2 5012 S3 4979.
Bank Nifty future important levels for Wednesday, 2nd December:
R3 9598 R2 9435 R1 9343 PP 9180 S1 9088 S2 8925 S3 8833.
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