NIFTY ANALYSIS FOR MONDAY 20-12-2021

18 thg 12, 2021

Huge Selling.. No sign of reversal as far now 17000 Still have Put Writer Position that may act As support level. Monday Will be very important day for Index as trend will be decided on Monday. As per current Data of Option Chain Support are Week and Nifty is in oversold zone. But there will be selling pressure due to continuous selling from FII. Nifty to sustain above 17100 for good move in intraday. I am Expecting a sideways market. If 16961 broken then 17000 PE can be taken. And on Crossing 17100 level 17100 CE can be taken in between No trade zone. :)

Nifty PCR 0.55 (Oversold)