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Finwings stock trading academy is an educational institute and research centre delivering various courses for learning Stock market Trading and Investment.

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• *RBI*: 8 DEC (Wednesday)
• *FED*: 15 DEC (Wednesday)
• *BoE*: 16 DEC (Thursday)
• *ECB*: 16 DEC (Thursday)
• *BoJ*: 17 DEC (FRIDAY)
"This generation thinks -5% in index is a correction."
No options positions amid the fed outcome today.
Cues for the day.

• US FED has decided that it would end its bond purchases in March 2022

• FED has decided on three interest rate hikes by the end of 2022, 3 more in 2023 & 2 in 2024 if conditions remain the same

• FED believes that a very strong job market & Hot inflation will be balanced in 2022

• The market response to the FED so far suggests some relief from more policy clarity and a belief that the pivot away from ultra-loose monetary settings won’t undo the rally in a range of assets from pandemic lows. But it might take some more time for the full takeaway to emerge.

^^ This week amid the FED meeting, huge short positions in indices futures were built, but the hawkish plot by the US fed may lead short covering in the Indian equities market and trigger further buying.

^^ Long positions in options were also seen significantly rising this week, an ease off could be witnessed in favor of bulls.

Resistance- 17650
Support- 17200
🔴 Market trading near crucial resistance zone -Nifty 18200-18300 & Banknifty- 38600-38900. A correction or consolidation is expected from this levels, so don't initiate any long positions as the risk-reward is not favourable. Wait for a decisive move.
In business, You need capital.

You got expenses to cover.

You don't expect to succeed from day one.

You need some time before you make a profit.

Trading is a business—so treat it as one.