daily chart of nifty futures

*for education purpose only

daily chart of nifty futures

it is quite clear that the selling hadn't stopped until yesterday. the last candle made on 20th Dec 2021, yesterday looks like a sell zone.

markets are opening with a big gap today but doesn't look like it will cross above 17300 zone and sustain there. I will not be changing my view of 1. sell on rise & 2. keep it intraday only till 17300 is crossed with strength.

macd is weaker than ever. both, macd and signal is below zero and had a bearish crossover.

rsi is below 50 and looks like a nose dive.

cmp:- 16635.05
support:- 15524.00
resistance:- 17301.55