Domestic stock markets have been on weak turf over the week closing negative on four occasions when frontline indices S&P BSE Sensex and NSE Nifty resume trading on Friday. US Markets, Rupee Vs Dollar, Stocks in News, FII/DII Action, Stocks in Ban, March Series, Anil Singhvi Strategy on Nifty, Bank Nifty and Commodity Markets are some of the factors that may have a bearing on the movement. According to Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas, Nifty will find support at 17,350-17,450 which will act as a strong support zone while the resistance will be at 17,650-17,750. Meanwhile, for Bank Nifty support will be at 39,400-39,600 while resistance will be at 40,500-40-600. Prices of key commodities like Gold, Silver and oil will depend on how rupee moves against the greenback.
Today: December 2, 2023