NIFTY FOR TOMORROW - 29th December 2021



On 28th December 2021 nifty 50 index opening 17177.60 and closed at 17233.3 the high is 17250.20 and low is 17161.20.

28th December 2021 post market analysis:

Yesterday nifty closed at 17086.25 and today opened at 17177.60 gapup of almost 91 points with this  gap actually opened between S1 and PDH/CPR with a wide CPR so trend should be sideways but good buying volumes in futures pushed nifty to highs of 17250.20 Nifty took support at 15 mins Initial balance and moved up first 15mins was not broken

Weekly nifty trend - Last weeks high was 17155.6 and now nifty closed at 17233.3 gradually moving from sideways to uptrend also much above slow EMA but below fast EMA

Daily nifty trend - Closed much above fast EMA and still below slow EMA uptrend will be confirmed only if a candle closed above slow EMA

Hourly nifty trend - uptrend closing above both slow and fast EMA

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

levels 17268.2 is an important resistance and 17179.53 is an important support

Based on analysis tomorrow will be a Trending day

Nifty closing: 17233.2

If Nifty staying above 17214.88 then its a confirmed uptrend no force on earth can pull it down today

If market opens with a small gap up  nifty will tag 17068.2 and if nifty sustains above 17068.2 for 15 mins then all chances to tag high 

If market opens with a small gap down chance to tag 17179.53  

If market opens Gap Up: If big gap up  index is having all the chance to to up

In case of big gap down and index sustains below 17179.53 for more than 15 mins then market will come down

28th December 2021 can also see a trending day please hold for 1 hour 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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