On Friday , NIfty Fin services closed at 21197. On daily charts, we can see that there is change in polarity and 21340 has become resistance zone . Trade plan for 26 Dec 23 on expiry:-
On 15 min chart, we can see triangle pattern has been formed and nifty fin has closed at the lower trendline. Further, we can see H&S pattern and hence, 21150 has become crucial level which once broken , then next support is at 21050 followed by 21000 which has good put writing. From this level, we can see bounce towards 21150 which might act as resistance.
If it opens with gap up and sustains above 21300, then we can target 21350 i.e upper trendline level and from there we can take trade depends on the breakout or fall from there.
On 15 min chart, we can see triangle pattern has been formed and nifty fin has closed at the lower trendline. Further, we can see H&S pattern and hence, 21150 has become crucial level which once broken , then next support is at 21050 followed by 21000 which has good put writing. From this level, we can see bounce towards 21150 which might act as resistance.
If it opens with gap up and sustains above 21300, then we can target 21350 i.e upper trendline level and from there we can take trade depends on the breakout or fall from there.