Bearish Bat pattern forming on Hourly Chart of NIFTY FUTURES. SELL 11725, SL 11800.1, Target(s) - 11665, 11640.
Resistance @ 13680
First Support @ 13600
Second Support @ 13450
Tomorrow as it is a expiry day, Nifty may be in range bound between 13600 & 13680
If Nifty falls below 13600, short position can be taken followed by Price action
Support is 13200
First resistance at 13500
Second resistance at 13600
Tomorrow there is a possibility of NIFTY opening in gap up and go up to 13600, and you may go for selling followed by Price action
Sustaining 13780 - 13820 will make the price to move towads 13860, 13890, 13940 and 13980. Bearish below 13740 for the targets 13710, 13680, 13640, 13580 and 13540.
nifty levels ...21/12/2020 (15min candle)😊
Good Risk Reward Possible with NF breaking 13710-705
TARGET 55 POINTS , S.L 25 POINTS
R: R 2:1
disclaimer... not an investing/trading recommendation.
Nifty May open gap down with a buying pressure upto the resistance level and later it may go for short
Tomorrow most probably NIFTY may move upwards
For buying It may retrace up to 13297 Level and can move up, but if it breaks 13297 Level go for Sell