NIFTY FUTURE
SELLING PREDICTED ON FRIDAY 17 DEC 2021 TO CHECK VISIT https://niftytipsdaily.blogspot.com/2021/12/nifty-outlook-trading-levels-for-20-dec.html
SELLING GIVEN FROM 16950 ACHIEVED BOTH THE
TARGET 16900/16825 MADE A LOW OF 16431
PROFIT OF 8750
NIFTY FUTURE BUY CALLS NOT EXECUTED
BUY NIFTY FUTURE ABOVE 17050 TARGET 17095/17155 SL 16975
SELL NIFTY FUTURE BELOW 16950 TARGET 16900/16825 SL 17010
The
Nifty started the week on a positive note however witnessed selling pressure
subsequently. The selling pressure continued on December 17 as well. On the way
down, the index has broken the 61.8% retracement of the recent leg of the rise
as well as lower end of the rising channel on the hourly chart. This shows that
the short term range has shifted lower. 16850-17300 is expected to be the
short term range going ahead. Overall structure shows that the fall in this
week is a part of the base formation process & the index is likely to
attract buying support near the recent low of 16848.
RESISTANCE 17180, 17292, 17405
SUPPORT 16848 , 16794, 16741
NIFTY FUTURE SELLING PREDICTED ON FRIDAY 17 DEC 2021 TO CHECK VISIT https://niftytipsdaily.blogspot.com/2021/12/nifty-outlook-trading-level...