The last trading session of 2021 and we could see a muted reaction in the market - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
It is the last trading session of 2021 and we could see a muted reaction in the market, therefore, day traders can avoid trading in the index while some stock-specific movement can be seen. Technically, 17150-17250 is a well-defined trading range while 17400-17500 will be critical resistance and 17000-16950 is an important support zone.
Banknifty (Spot):
Banknifty may flirt with 35000 level where 35300-35700 is a critical resistance zone while 34500-34000 is an important demand zone.
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