Important Levels for 29-12-2021.
Clearly the sluggish of the two indices. We were not able to take out the open although we saw some kind of movement in Nifty.
35050-35120 can act as a support zone and if we witness any kind of upward movement with volumes, we can take longs with a SL of 50-60 points and aim for targets of 35220,35300 and 35360.
Price sustaining above 35360 can take price up till 35500.
Shorts can be taken only if we see a big gap up around 35500 levels followed by -ve price action or if we start trading below 35030.
Option data for today has a negative bias but overall 35000-35500 likely will be the range to watch out.
Clearly the sluggish of the two indices. We were not able to take out the open although we saw some kind of movement in Nifty.
35050-35120 can act as a support zone and if we witness any kind of upward movement with volumes, we can take longs with a SL of 50-60 points and aim for targets of 35220,35300 and 35360.
Price sustaining above 35360 can take price up till 35500.
Shorts can be taken only if we see a big gap up around 35500 levels followed by -ve price action or if we start trading below 35030.
Option data for today has a negative bias but overall 35000-35500 likely will be the range to watch out.
Trade closed: target reached:
Trade1: 35100-35300 T2 Reached
The down fall happened quite late else 35030 was a good level to short
The down fall happened quite late else 35030 was a good level to short