Tomorrow may be a negative flat opening day. If it opens below 5166 or 5163 and stay below it then possible target will be 5150. If Nifty breaks 5150 and stay below it which means it is a cross over of 70min ema and 1030 min ema. Then Nifty could be taken support at 5100.
On the upper side, If Nifty stay above 5173 then again it will get possible resistance at 5200.
Tomorrow’s movement will define the January series. Since tomorrow is the end of December series, Nifty will be more or less range bound between 5150 and 5170 till 2.30 p.m. Any strong movement can be expected on either side after 2 p.m. if Nifty stay below 5150 or above 5180.
Tomorrow everybody should remain cautious because it will be highly volatile day. Strict stop loss should be maintained after executing the order. Nifty is range bound between a narrow band from 5150 to 5200 because most of the traders are confused about the direction of the market. Novice player are requested to stay away from the market at least for tomorrow. Order should be placed below 5145 and above 5200.
Best of luck and please comment on my post. You can post your queries at the chat box.
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