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Daily Technical Report For 03/12/2021

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NIFTY started the day on a positive note and jumped above 17200 mark in early trade yesterday. Thereafter it started making higher tops and higher bottoms on the intraday charts and closed just above 17400. Now NIFTY has resistance in the range of 17550 - 17600. We remain cautious in this market. On the downside the range of 17200 - 17150 will play as an important support, if it breaks 17150 then it can again test the recent low of 16800.

Today's Picks On 03/12/2021

Share Market Daily Picks Manas Jaiswal

MCX

Buy

  • 1642
  • SL: 1590
  • TGT: 1750
Share Market Daily Picks Manas Jaiswal

Ashok Leyland

Sell

  • 120
  • SL: 122.60
  • TGT: 115

Nifty Imp Levels For 03/12/2021

Open 17183
High 17420
Low 17149
Close 17401
S 1 17227
S 2 17052
R 1 17498
R 2 14594

Actionable Ideas On Nifty for 03/12/2021

Action SL TGT
Buy above 17501 17399 1770
Sell below 17199 17306 17000
Show Timings
Manas Jaiswal Technical Research Group