NSE:NIFTY
Observations:
1) On 1 day time frame, it made a good bullish candle and close above resistance channel.
In worst case it may come to test support from this trendline and if it gets support then it will give buying opportunity.
Please refer below chart : 1 day Time Frame.
2) Also On 1day time frame, we can see that it gave breakout of 100DMA...
![NIFTY: Simple Trade Setup | NIFTY | 04-01-2022[INTRADAY]](https://s3.tradingview.com/z/ZOFJG36Y_mid.png "Simple Trade Setup | NIFTY | 04-01-2022[INTRADAY]")
