Pre-Open Tech Analysis of Nifty Spot_30.12.2021

By a staff reporter:

Yesterday on December 29 ahead of the expiry of Dec F&O contracts, Nifty gave a small journey with very narrow range momentum, formed a Doji kind of pattern on the daily charts.

Remained volatile throughout the session and finally settled the trade with moderate losses.

Closing basis though fell 20 points but somehow able to hold above 17200 actually at 17213 after 2 days consecutive bull move from 16833 to 17250.

High was 17286, Bulls whipsawed at crucial trend line hurdle 17285 on the upside & failed to cross.
Low was 17176, Bears unable to break crucial level 17161 on the down side.

Source : Eureka

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