NIFTY FOR TOMORROW - 30th December 2021-Expiry Day

 




On 29th December 2021 nifty 50 index opening 17220.17 and closed at 17213.6 the high is 17285.95 and low is 17176.65.

28th December 2021 post market analysis:

Yesterday nifty closed at 17233.3 and today opened at 17220.17 gapdown of almost 14 points with this  gap actually opened at the CPR with a narrow CPR so trend should be sideways begining of the session bulls tried to push to highs of 17285.95. Just one green candle crossed the level and could not sustain the highs and came down. Narrow initial balance

Weekly nifty trend - On weekly chart nifty just tagged 8 EMA(17295.63) but the candle made a high of 17285.95 and reversed 

Daily nifty trend - Daily trend is below slow EMA however it touched the EMA and reversed to form a doji kind of a candle but above slow EMA

Hourly nifty trend - Last two candle of the day made red 

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

levels 17274.15 is an important resistance and 17164.85 is an important support

Based on analysis tomorrow will be a Trending day but depends on the location of opening

Nifty closing: 17213.6

As its a monthly expiry there will be more volatility in the market so no trading for me however if opening is favorable above or below critical levels mentioned above then i will trade

30th 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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NIFTY FOR TOMORROW - 29th December 2021

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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 ...
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Nifty for Tomorrow - 31st December 2021

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