NIFTY Intraday Trade Setup For 28 Dec 201

NIFTY Intraday Trade Setup For 28 Dec 201

Buy-Above 17120
Sl-17090
T-17200

Sell-Below 16900
Sl-16940
T-16800

NIFTY has closed in a positive note. Nifty will bullish momentum in the next trading session.

Nifty is likely to test 17200. This can be achieved through gap up also.
If index opens flat +-30 points and crosses today's high we will buy for the target of 17200.

Nifty will face multiple resistance in the upside.
We will just eat 60-90 points only. As the major trend is in downside.

I will consider selling for my full qty trades and half for buying trades.

It is safe to sell 17000 PE if we get the buying opportunity.