Stock Markets Recap Week Of 24th December 2021
24Dec, 2021
Hitesh Chotalia - Head of Education
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Summary:
• Nifty is in a downtrend showing a sequence of lower highs and lower lows
• Nifty support on the downside is around the last low and 200 DMA at 16300
• Bank nifty is trading below the 200 DMA at 35730
• Bank nifty till trading below 200 DMA, the possibility of further downside towards 33000 is there.
• Near term volatility likely to continue
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