Nifty Intraday Trade Setup | 6th December

Nifty opened with a gap-up and faced rejection near our buy level 24540 in morning, broke sell level 24410 and gave good downfall towards 24295. Both targets were done for sell trade.

After consolidation at lower levels, Nifty gave a sharp up-move and gave 500 points rally from lower levels, made a high at 24857. From day high we again saw 300 points fall in just few mins, today was highly volatile session because of RBI Policy meeting decision tomorrow.

For tomorrow the range the big, trade very cautiously and be alert at higher levels in Nifty. We will look for the sell on rise opportunity.

Expectations: Highly Volatile movement.

Intraday Levels:
Buy Above - 24850
Sell Below - 24550

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Happy Trading!
InvestPro India