NIFTY FOR TOMORROW - 28th December 2021
On 27th December 2021 nifty 50 index opening 16937.75 and closed at 17086.25 the high is 17112.05 and low is 16833.20. The Candle is closing closing 8 EMA 27th December 2021 post market analysis: Yesterday nifty closed at 17033.75 and today opened at 16937.75 gapdown of almost 96 points with this gap actually opened between PDL/S1 and narrow CPR so trend should be sideways but good buying volumes in futures pushed nifty to highs of 17112.05 Nifty took support at PDH/S1 and moved up as said on 27th December market moved up Weekly nifty trend - After last week's support at 34 EMA good start for the week but still nifty weely chart show it closed below 8 EMA Daily nifty trend - Sideways Trend Closed above 8 EMA Hourly nifty trend - uptrend closed above 8 EMA (far away from 8 EMA) Following are the important levels that I have found to be relevant for tomorrows trading setup; levels 17187.80 is an important resistance and 16908.95 is an important support Based on ana...