NIFTY-ANALYSIS-08-DEC-2021
Long story short :
Monday Price opened below resistance zone. Pushed price all the way to its weekly support zone. On Tuesday , opened just above the support zone (target 1 on my weekly analysis) and bounced back to resistance zone. We are almost back to where we started this week
FOR ANY UPMOVE, PRICE NEEDS TO
SUSTAIN ABOVE THIS LEVEL.
Downside, 17074 will be immediate support. Breaching that level will take nifty to lower levels 16988 & 16903/16881 respectively
Monday Price opened below resistance zone. Pushed price all the way to its weekly support zone. On Tuesday , opened just above the support zone (target 1 on my weekly analysis) and bounced back to resistance zone. We are almost back to where we started this week
FOR ANY UPMOVE, PRICE NEEDS TO
SUSTAIN ABOVE THIS LEVEL.
Downside, 17074 will be immediate support. Breaching that level will take nifty to lower levels 16988 & 16903/16881 respectively
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