Nifty may see a sideways trading month in December 2023

After a trending bullish month in November and closing above all time high of 22222. Nifty may see a sideways to bullish in the month of December.


With no resistance on the left hand side ,1st immediate resistance is 20348-20350(monthly camarilla 2nd level resistance pivot)

If breaks 20350 and sustained it then next level that can be seen is 20460(monthly camarilla 3rd level resistance pivot)

From 20460 or (20522-20537), Nifty may go sideways in between
1. 20460-20144 or
2.20460-20024 or
3.20460-(19807-19755)

Comment:

On Monday Dec 4, opened a big gap up(+250 points) above 20537 and made an upside rally.

Now as 20537 has been broken upside with big gap up and after retest has taken support from 20537,
expecting the next move upside to 20785,20940.The upside move to 20785 or 20940 may not be achived in intraday can take few trading sessions.

Comment:

20940 tested...strong buying seen from 20537