Important Levels for 29-12-2021.
The index traded inside a small range after opening with a gap up and did see the entire range for today almost being covered in the last 45 minutes making it quite possible to see a good move on the upside tomorrow.
If we open flat or with a small gap down, 17170-17200 to be a nice support zone and we can place our long entries with a SL of 17160 and aim for targets of 17215, 17260 and 17300.
If we see a gap up opening we wait for price action and then plan trades .
On the upside 17330-17350 can act as a big resistance.
Option data indicates bullishness.
The index traded inside a small range after opening with a gap up and did see the entire range for today almost being covered in the last 45 minutes making it quite possible to see a good move on the upside tomorrow.
If we open flat or with a small gap down, 17170-17200 to be a nice support zone and we can place our long entries with a SL of 17160 and aim for targets of 17215, 17260 and 17300.
If we see a gap up opening we wait for price action and then plan trades .
On the upside 17330-17350 can act as a big resistance.
Option data indicates bullishness.