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.
Trade closed: target reached
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Trade1: 35100-35300 T2 Reached The down fall happened quite late else 35030 was a good level to short