November 26, 2024

+91 99390 80808

November 26, 2024

+91 99390 80808

HomeNiftyNifty Trend : 09 DECEMBER 2021

Nifty Trend : 09 DECEMBER 2021

Nifty Future closed @ 17511 as on 08.12.2021..!!

Dear Traders,

Nifty Future has resistance at 17547 – 17577 Point; above which other resistance levels are at 17606 17616 Point with highly Volatile Trend,

Nifty Future has Downside support levels are at 17474 – 17434 Point; below 17434 Point, other support levels are at 17404 – 17373 Point.

I am positive for the next bullish trend only above @ 17616 Point but be with the trend. Let the market decide further moves.

As we are saying from many days, Buying is suggested in falls only...and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now...!!

If Nifty Future crosses @ 17616 Point, again then the upper side target is quite high and it may touch @ 17636 Point in the short term...!!!

 

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