BANK NIFTY
Important Levels for 28-12-2021.
Once we start trading above the trend line after we open flat or with a small gap down, we can take longs with SL of 50-60 points and aim for targets of 35290,35360 and 35480. But if we start moving down, 34900-34990 can act as good support area and we can take longs here with SL at 34900 and aim for targets of 35100,35190 and 35260.
If we see a big gap down, we can wait for price action at the next support area of 34670-34780 and then plan trades accordingly.
Similarly if we see a big gap up, we can hit the resistance zones marked but it will be safe bet to wait and see if we develop a -ve price action before jumping on to trades on the short side.
OI data is more or less neutral.
Once we start trading above the trend line after we open flat or with a small gap down, we can take longs with SL of 50-60 points and aim for targets of 35290,35360 and 35480. But if we start moving down, 34900-34990 can act as good support area and we can take longs here with SL at 34900 and aim for targets of 35100,35190 and 35260.
If we see a big gap down, we can wait for price action at the next support area of 34670-34780 and then plan trades accordingly.
Similarly if we see a big gap up, we can hit the resistance zones marked but it will be safe bet to wait and see if we develop a -ve price action before jumping on to trades on the short side.
OI data is more or less neutral.
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