NIFTY FOR TOMORROW


On 20th December 2021 nifty 50 index made a high of 16840.10 and a low 16410.2 and retraced back till 0.5 on Fib there seems to be a rejection at 16625.00. Nifty index closed at 16613.00

Weekly nifty trend - down

Daily nifty trend - down

Hourly nifty trend - down

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

If market opens Gap Up: If gap up is above 100 points index is having all the chance to tag 16800

If market opens flat or a little gap up or gap down: Down trend all chances to tag 16400

If market opens Gap down: If gap down is 100 points index is having all the chance to tag 16400 levels very soon

21st 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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