📈 **NIFTY Analysis: Seizing Opportunities in the Trading Zone**
*Market Overview:*
NIFTY has been navigating the range of 21490 - 21370 over the past two trading sessions. On December 20th, 2023, strategic opportunities arise based on key price levels.
*Trading Strategies:*
**1. Breakout above 21533:**
If prices sustain above 21533, consider a buying trade with a stop-loss at 21500. Target potential lies at 21595 - 21600, and further upside to 21700 if trading surpasses 21619.
**2. Failed Uptrend Opening:**
In case of an opening above 21520 that fails to sustain and trades below 21500, initiate a short-side trade with a stop-loss at 21515. Targets set at 21420 - 21374.
**3. Red Opening near 21400:**
If prices open in the red around 21400, expect support at 21373-21370. A rebound towards 21500 is likely, with a critical level at 21350. A breakthrough prompts a buy-side opportunity at 21318 - 21293, stop-loss at 21280, and targets of 21373 - 21410.
*Overall Strategy:*
Maintain a buying-on-dips approach unless prices settle below 21280, with 21300 emerging as a fresh resistance level.
🚀 **Catch the Wave: Navigating NIFTY's Dynamic Moves** 📊✨
*Market Overview:*
NIFTY has been navigating the range of 21490 - 21370 over the past two trading sessions. On December 20th, 2023, strategic opportunities arise based on key price levels.
*Trading Strategies:*
**1. Breakout above 21533:**
If prices sustain above 21533, consider a buying trade with a stop-loss at 21500. Target potential lies at 21595 - 21600, and further upside to 21700 if trading surpasses 21619.
**2. Failed Uptrend Opening:**
In case of an opening above 21520 that fails to sustain and trades below 21500, initiate a short-side trade with a stop-loss at 21515. Targets set at 21420 - 21374.
**3. Red Opening near 21400:**
If prices open in the red around 21400, expect support at 21373-21370. A rebound towards 21500 is likely, with a critical level at 21350. A breakthrough prompts a buy-side opportunity at 21318 - 21293, stop-loss at 21280, and targets of 21373 - 21410.
*Overall Strategy:*
Maintain a buying-on-dips approach unless prices settle below 21280, with 21300 emerging as a fresh resistance level.
🚀 **Catch the Wave: Navigating NIFTY's Dynamic Moves** 📊✨