Nifty 50 Index

Trade Set up for Nifty 19 Dec 2023

73
The gap area of 14 Dec is the first low for this analysis and the recent high was the top point choosen. Since global markets closed on mixed signals. Nifty can remain sideways to form consolidation zone. For Day Traders good Support to enter is at 21282 levels which is 50% retracement level. Nifty is above all major Moving averages so any dip is a buying oppurtunity untill critical MA's are violated

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.