NIFTY Intraday Trade Setup For 29 Dec 2021
Buy-Above 17250
Sl-17210
T-17300 17380
Sell-Below 17160
Sl-17200
T-17100 17050
NIFTY has traded completely in range today. As discussed yesterday that nifty will face resistance 17222 Index has given a sharp fall from there. We just waited for the trendline breakdown. As soon as trendline broke index a classical double top and fell almost 60 points from there.
Coming to tomorrow's trade we will simply trade this range. We will eat in pieces of 50 points with some trailing method in buying side with the help of trendline in buying side.
In selling I will start to build my short below 17200 and will add my full qty below today's low when the range will break.
17380-17400 is going to be tested. It will act as an supply zone. While the daily resistance is placed near 17600.
Buy-Above 17250
Sl-17210
T-17300 17380
Sell-Below 17160
Sl-17200
T-17100 17050
NIFTY has traded completely in range today. As discussed yesterday that nifty will face resistance 17222 Index has given a sharp fall from there. We just waited for the trendline breakdown. As soon as trendline broke index a classical double top and fell almost 60 points from there.
Coming to tomorrow's trade we will simply trade this range. We will eat in pieces of 50 points with some trailing method in buying side with the help of trendline in buying side.
In selling I will start to build my short below 17200 and will add my full qty below today's low when the range will break.
17380-17400 is going to be tested. It will act as an supply zone. While the daily resistance is placed near 17600.
