Nifty 50 IndexUpdated

Nifty Support&Resistance for 12th Dec Thursday Expiry

Nifty been trading in very tight range this week until breakout or breakdown happens expecting this week to close in range.

Key levels to watch for :

24750 and 24550

Resistance :-

Above 24750 if sustains long for the targets of 24820,24850,24900 and 25k area and watch for any reversal pattern at same 24750 area to short.

Support:-

Below 24550 area if sustains below short for the targets of 24500,24425,24350. And same look for rejection at 24550 area here if happens long probability also there.

Educational purpose do your own research before taking entries.
Note
As expected closed in range , short scalp was there from today's high not for option buyers this week
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Trade closed manually
Note
Today 13th Dec Friday , Trendline BO on Thursday expiry day and today opened gap down below yesterday close range fell and reached all targets below with arrows marked on chart took support exactly at support area anticipated held and rallied back but not expected in this manner.
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