Last week Nifty took support @ 7550. And our stop-loss triggered for short trade @ 7715.
And Nifty found resistance @ 7825-36 level.
The scenario is sell on rise.
Take short trade if Nifty approaches 7836-50 levels with stoploss @ 7865 on closing basis. There are supports @ 7737-7710 zone.
A close below 7700 may drag Nifty towards 7550-7475 zone, and a close below 7470 we may see 6835-25 levels in the near future, but for that we need a close below 7470.
Major resistance levels are 7836-50, 7926, 7979, 8065
Major support levels are 7737, 7715-10, 7627, 7540-50, 7475, 7367.
Get ready for an action packed week,as this week 2 major time cycles are going to complete and 1 anniversary date is there so expect week full of volatility & panic moves can be seen.
21-24th Dec these dates were also published in my previous posts.
And Nifty found resistance @ 7825-36 level.
The scenario is sell on rise.
Take short trade if Nifty approaches 7836-50 levels with stoploss @ 7865 on closing basis. There are supports @ 7737-7710 zone.
A close below 7700 may drag Nifty towards 7550-7475 zone, and a close below 7470 we may see 6835-25 levels in the near future, but for that we need a close below 7470.
Major resistance levels are 7836-50, 7926, 7979, 8065
Major support levels are 7737, 7715-10, 7627, 7540-50, 7475, 7367.
Get ready for an action packed week,as this week 2 major time cycles are going to complete and 1 anniversary date is there so expect week full of volatility & panic moves can be seen.
21-24th Dec these dates were also published in my previous posts.
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| Nifty Spot Chart |
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