Wednesday, December 8, 2021

NIFTY OUTLOOK FOR RBI CREDIT POLICY ON 8 DEC 2021

On Wednesday 8 Dec 2021 markets opened on positive note, ahead of the outcome of the RBI's scheduled policy meeting, wherein the key benchmark rates are expected to remain unchanged amid uncertainties over new coronavirus variant Omicron. The Nifty is again close to the resistance zone of 17475-17550. If we are successful in closing past it, the Nifty can scale higher to 17600-17800. The current support lies at 17200 and if we break that, the markets could fall all the way down to 17000-16800.

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