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Trade set up for Indian equity markets for December 29, 2020

Updated Dec 29, 2020 | 08:41 IST The PSU stocks, PSU Bank & PSE, have outperformed so far this month but still down 30 percent & 13 percent respectively for the year so far. Representational image  Mumbai: The SGX Nifty scaled past 14,000 for the first time to indicate a positive start of Indian equities. The Nifty gained over 100 points to close at a record high so did the Dow Jones in overnight trade. The Nifty Bank advanced over 400 points to close above 30800 as all stocks closed with a positive bias. However, it is till 5 percent away from life high and down 4 percent for the year so far.  

Trade set up for Indian equity markets for December 11, 2020

Updated Dec 11, 2020 | 09:02 IST The Nifty Midcap snapped its 9 day gaining streak while the Smallcap gauge posted the worst daily performance since 25 November 2020. Representational image  Mumbai: The Nifty snapped its 7 day gaining streak and completed the gap at 13435 in the process while the Nifty Bank snapped its 4 day gaining streak despite bouncing from previous breakout near 30200. Both indices are to set to post 6th week of gains in a row. Yesterday’s advance –decline on the NSE was the worst since 25 November 2020 and the Nifty 500 declined on the back of identical open and high levels. The Nifty Midcap snapped its 9 day gaining streak while the Smallcap gauge posted the worst daily performance since 25 November 2020. Nifty Midcap is set to snap its 3 week outperformance over the Nifty.  

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