NIFTY FOR TOMORROW 23rd December

 

On 22nd December 2021 nifty 50 index made a high of 16971.00 and a low 16819.50  Nifty index closed at 16955.4

Weekly nifty trend - down (trying to make a pin bar bullish)

Daily nifty trend - down (trying to make a sideways trend)

Hourly nifty trend - up trend 

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

levels 17011.13 is an important resistance and 16859.63 is an important support

If market opens with a small gap up of 30 - 40 points the nifty will tag 17145.75 and if there is any rejection at 17145.75 then next support at 16971.00 

If market opens with a small gap down of 30 - 40 points easy index will tag 16910.50 and next support will be at 16863.00

If market opens Gap Up: If big gap up  index is having all the chance to tag 17145.75 if sustained for 15mins all chances to move up by 100 points and to the next resistance at 17428.50

If market opens Gap down: If big gap down  index is having all the chance to tag 16863.00 next support is at  16793.00

23rd December 2021 can also see a side ways day as today is monthly and weekly expiry 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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