BANK NIFTY
Important Levels for 30-12-2021.
The move came bit to late to capitalize upon.
If we see a flat opening and we start trading below 34920, we can take shorts with SL of 34980 and aim for targets of 34780,34680 and 34420.
If we open with a big gap down. we shall wait for price action at 34920-35040 which can act as resistance zones and the plan short trades accordingly.
A gap open and we wait for action at 36280-36360 and then take positions accordingly. On the upside although scope looks less likely the targets to look forward are 35500,35630 and 35730.
Option data suggests bearishness with support at 34500.
The move came bit to late to capitalize upon.
If we see a flat opening and we start trading below 34920, we can take shorts with SL of 34980 and aim for targets of 34780,34680 and 34420.
If we open with a big gap down. we shall wait for price action at 34920-35040 which can act as resistance zones and the plan short trades accordingly.
A gap open and we wait for action at 36280-36360 and then take positions accordingly. On the upside although scope looks less likely the targets to look forward are 35500,35630 and 35730.
Option data suggests bearishness with support at 34500.
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