NIFTY Trade Setup For 16 Dec 2021
Buy-Above 17380
Sl-17350
T-17450 17500
Sell-Below 17190
Sl-17230
T-17100 17050 17000
Nifty has once again consolidated between 17400 and 17200. The best trade for tomorrow is that we will sell below 17190. In buying there are multiple resistance placed.
17000 has the highest OI. Also nifty is following a channel pattern in hourly timeframe. The trendline is marked in the blue. Our target would be that trendline for short.
Buy-Above 17380
Sl-17350
T-17450 17500
Sell-Below 17190
Sl-17230
T-17100 17050 17000
Nifty has once again consolidated between 17400 and 17200. The best trade for tomorrow is that we will sell below 17190. In buying there are multiple resistance placed.
17000 has the highest OI. Also nifty is following a channel pattern in hourly timeframe. The trendline is marked in the blue. Our target would be that trendline for short.
