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Nifty prediction for 21st December,2023

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Tomorrow (21-12-2023) is weekly expiry day for nifty weekly options. Today, nifty fell by more than 1% after continuous uptrend for many days. Nifty Level Today Open Interest Data Let us check the open interest data at the end of day. We have more call writing at 21200 than put writing and more put writing at 21100 than call writing. So range that would be played is 21100 to 21200. We have strong support at 21000 and strong resistance at 21200. However, overall put to call ratio is in negative side. Also the momentum is bearish. Change In Open Interest Data Let us check the change in open interest for the day as well. As you can see in the graph, put writers closed their position and more call writing happened. Momentum has shifted towards down as more call writers got added in 21100 and 21200  levels. What  can happen  tomorrow? During  the opening there could be gap up of few points and later it can go down.  It would be better to not enter into any fresh trade at the  beginning. If
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How to avail loan against mutual funds

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  I magine a situation you need money urgently but you can not raise the fund easily by selling your assets easily. It could be due to various situations like you have invested in real estate or Gold or any other asset class which can not be liquidated easily. But if you have invested in mutual funds, you can obtain loan against mutual fund units without liquidating them. Banks will be ready to give you loan on mutual fund units but you will have to assess the cost involved and merit/demerit of this approach. How loan against mutual fund units work? Many banks and NBFC's accept mutual fund units as collateral for loan or overdraft facility. Tenure for overdraft facility will be usually one year and after that it has to be renewed by paying renewal charges. Tenure will be flexible like 3 months, 6 months or 1 year. Usually there will be no foreclosure charges. Loan process works by pledging the MF units using lien marking. It could be done digitally as well through OTP based verific
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