NIFTY Intraday Trade Setup For 06 Dec 2021 Buy-Above 17250 Sl-17200 T-17350
Sell-Below 17180 Sl-17210 T-17130 17050
NIFTY has taken from the psychological level near 17500. This leg can continue till 17050 if we break Friday's low. But if low is not breached and if closes above 17250 then will long for the target of 17300 and 17350.
Selling would be much fast and safe to trade. Will book profits near 17050 and will look for buying opportunity with a very small sl. But if we make a small range near 17050 and break that in the lower side. Will again short aggressively.
We are still in range between 17600 and 16800. Range shift will give direction move again.