Daily Market Outlook 21st December

Today Asian markets are trading mixed and SGX Nifty is trading absolutely flat.

On Friday, Nifty closed near its strong intermediate support.

On a weekend if Nifty close near support means market ahead is very indecisive and may fall further in absence of some real good news.

If Nifty fails to find support here we may see some support around 4960 level.

Below 4960 Nifty will turn oversold and some bottom fishing must be done here.

Nifty Levels for Today

TREND DECIDING LEVEL (Pivot Point)
5003

Support
4970 - 4958 - 4937

Resistance
5014 - 5049 - 5076