Nifty 50 Intraday & Expiry Day Trade Setup for 07 December 2020Good Morning everyone,
Index trend is bullish in all time frames and there is not a single sign for weakness but the main problem is the momentum it's very messy and hard to trust on the buy-side and as well as on the sell-side. Intraday is very tricky at this momentum because on the upside there is a lot of supply zone and correction is due since October month so be careful at this point. Our short-term swing target is 13,523 and it has been achieved in yesterday's trading session.
Today is the weekly expiry and it comes on harmonic PRZ in weekly and hourly both of time frame so there is a lot of Possibilities to see a narrow range market depend on the levels.
Index Range is 13440 to 13550.
Trade setup :
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Future and options traders keep an eye on both levels and set up your trade on breakouts.
Safe Traders can sell 13600 CE and 13400 PE.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
