Nifty Prediction for December 2021Analysis of Nifty Futures indicates that largest number of contracts are pegged at 18000 level.
If Nifty is unable to scale or hold this level, then you might witness another selling wave near that level.
However, if 18000 level is surpassed, then the sellers sitting at that level will be forced to cover their losses and hence Short Covering will push the market higher by another 100 to 200 points.
On the downside, 17500 level holds the crucial psychological level and if that is breached, the Nifty will come into Bears grip.
I will update this idea by Dec 2021 end if required.
