> Targets and entry points are mentioned on the chart.
> Try to square off your position on an intraday basis if it doesn't break the positional levels.
> Take positions only if the last 30 mint candle breaks the targets.
> Also in a major breakout or upward momentum you can take positions.
I've plotted few important levels for NIFTY on the chart.
One thing I noticed was the 200 MA nearing the current price which shows signs of weakness and possible drop after a week of consolidation.
The more there is consolidation the more aggressive will be the trend bearish/bullish.
ghstocktrading.webnode.com NIFTY 50: WEEK-TECH-SHEET-> 07thDecember to 11thDecember2020
Nifty 50 moves around +337.40 pips from 07thDecember to 11thDecember2020, in which nifty 50 break last week 30thNovember2020 to 04thDecember2020 top 13280.05.