Don't Forget To Read - Nifty Chart Analysis For Upcoming Monday 27-12-2021

Today we will discuss on the chart of Nifty as you have seen in the last week we saw a fall in Nifty on Monday in which there was a downside movement of 500 points, after that, there was a recovery of 200 points on the same day and the next day i.e. on Tuesday we saw that the market started moving upwards and this movement continued on Wednesday and Thursday but on Friday we saw the formation of a bearish candle which is also a reversal candle so let's discuss what are the possibilities for Monday.

For Monday, first of all, you have to keep in mind that the support level of 16900 should not be a break. That the price does not have to be sustained below 16900, if you see this happening then you can see a big fall whose chances are less

If the market starts going above 17000 on Monday then the first resistance level for the market is 17150. Along with this, there is also a possibility that the market may go sideways on Monday, the range of sideways will be 16950 to 17100. If the market is to go up then it is very important to break the level of 17150.

You have to keep in mind one more thing, do not take any trade immediately after the market is open on Monday, you have to watch the market for at least 30 minutes to see if the market is not getting more volatile and in which direction it is trying to go. that's how you have to work

Disclaimer: This Chart Study is based on the theory of technical analysis and personal observations. This does not claim for Profit & Loss. 
We are not responsible for any profit or losses made by traders and investors. It is only the outlook of the market with reference to its previous performance. 
All information is a point of view and is for educational and informational use only. All Judicial you are advised to take your position with your sense and judgment.

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