NIFTY 14 DEC: Weekly Expiry

Dec 13, 2023

1. Late night,after the FED kept the interest interest rate USINTR unchanged @5.5%, DOW DJI showed upside move of +512 points towads 37180 and GIFT NIFTY NIFTY1! showed an upmove of +200 points, chances are Nifty NIFTY may open gap up.

2.Yesterday,as analysed if open below 20940,then 20940 may act as resistance for downside move to 20820/20830, after 20820/830 was broken down 20785 was also seen as analysed yesterday.
After taking support from 20785 it was able to break 20820/20830 upside and traded above it, and just closed below 20940

3.Today,If open flat above 20880-20900,then 20850-20880 may be day's immediate support,20820-20830 may act as strong support(have to confirm with price action)

4.If open gap up above 20940-20976,then 20940 may act as support with immediate support below 20880-20900
5. If open big gap up above 21018,then a sideways expiry can be seen between 21096/106 and 20976/940

Dec 14, 2023

Note

A big gap above 21018,opened above 21096-21106(pivotal resistance level)
and immediately took support:It may remain now sideways to bullish..21096-21106 improtant support now