NIFTY FOR TOMORROW - 27th December 2021

 


On 24th December 2021 nifty 50 index opening 17149.5 and closed at 17003.75 the high is 17155.60 and low is 17909.60. The Candle is closing below 8 EMA

24th December 2021 post market analysis:

Yesterday nifty closed at 17072.60 and today opened at 17149.5 gapup of almost 77 points with this  gap actually opened above PDH and S1 so trend should be up but no buyer followup volumes in futures reduced increase in price did not support with proper volumes so reversed banknifty also did not support so nifty reversed tagged CPR 8 EMA and tagged 34 EMA after taking support at S3 bounced back to CPR. Today was a trending market on both sides

Weekly nifty trend - down but closed much above 34 EMA tried to make a Doji but no support on friday

Daily nifty trend - Sideways Trend Closed below 8 EMA

Hourly nifty trend - Side ways trend closed at 8 EMA

Following are the important levels that I have found to  be relevant for tomorrows trading setup;

levels 17136.37 is an important resistance and 16890.37 is an important support

Nifty closing: 17003.75

If market opens with a small gap up of 30 - 40 points the nifty will tag 17032.60 and if nifty sustains above 17032.60 for 15 mins then all chances to tag 17062 still watch before taking trade 30 points

If market opens with a small gap down of 30 - 40 points easy index will tag 17019.2 and next support will be at 16969.00

If market opens Gap Up: If big gap up  index is having all the chance to tag 17019.2 if sustained for 15 mins all chances to move up by 100 points and to the next resistance at 17134.9

In case of big gap down look into the above chart before taking any selling trade and analyse.

If market opens with a gap down  and stays below 16967 for 15 mins then tag 16909.00

27th December 2021 can also see a trending day hold for  one hour let the market cool down before taking any trade.

I am not a SEBI advisor this advice is not for trading its only my view and for you its only information for educational purposes only.

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