As said and intimated the downfall came and continued with supports at 17000 on nifty and 36000 on bank nifty
Technically the markets may bounce to test 17300 and 37000 on the upper side , however any such bounce and upside will be seen with suspicion and will meet selling and markets may not sustain the upside and again test lower levels of 17000 and 35600 on nifty and bank nifty respectively
As the vix continues to be on the higher side with falling macd , markets will be highly volatile and sell on rallies or upsides in index and stocks
Commodities looks subdued in base metals , energy and bullions
Nifty moving towards 15000 or 18000...?
Bank nifty moving towards 32500 or 39000..?
A year to remember ahead in 2022
