Important Levels for 24-12-2021.
The index traded inside a small range and no clear momentum was seen in any side.
If we open flat and see 17040-17060 acting as support then we can take longs with a tight SL of 17025 for targets of 17105,17125 & 17150. But if we sustain and trade below 17025, we can take shorts with SL of 17045 for targets of 16980,16950 & 16920.
If we see a gap up opening above 17100, we shall wait for a pullback and then plan our trades.
If we see a gap down opening, 16920-16950 can be a good support zone and longs can be taken if we see +ve price action supported by good volumes.
The index traded inside a small range and no clear momentum was seen in any side.
If we open flat and see 17040-17060 acting as support then we can take longs with a tight SL of 17025 for targets of 17105,17125 & 17150. But if we sustain and trade below 17025, we can take shorts with SL of 17045 for targets of 16980,16950 & 16920.
If we see a gap up opening above 17100, we shall wait for a pullback and then plan our trades.
If we see a gap down opening, 16920-16950 can be a good support zone and longs can be taken if we see +ve price action supported by good volumes.
Trade closed: target reached:
17105-16950: T2 REACHED