Nifty 50 Index

Nifty - Expiry day analysis Dec 9

1 502
The price broke the channel and fall down towards the double bottom support at the 25900 zone. The price can move in this range 25800 to 26200 as per the higher(daily) and lower(15 minutes) chart analysis.
As per the daily chart, we can see a strong support at the 25850 zone.
snapshot
Buy above 25900 with the stop loss of 25840 for the targets 25940, 25980, 26020, 26100, 26160 and 26200.
Sell below 25780 with the stop loss of 25840 for the targets 25740, 25700, 25640, 25600 and 25540.
Expected expiry day range is 25700 to 26100.
Always do your analysis before taking any trade.
Note
Moving towards the gap at 25700 https://zone.https://www.tradingview.com/x/7BJyu7TY/
Note
OI build up is seen at 25800, 25850 and 25900. It can give zigzag movement. snapshot

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