Nifty has given a sharp recovery in last days of the year. Overall it has given 22% return in 2021, but on 17650 there is a major resistance.
QUALITY STRATEGY FOR TRADERS
Short Nifty near 17600 with a Stop Loss of 17700 for a target of 17300-17100-16950.
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We are still trading in the range between 17400 and 16900. Any lower close below 16800 or upper breakdown above 176500 will decide its direction again.
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Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis.
Follow the rules, be patient and stock market will definitely reward you...
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Take care, trade safe !!! Regards Team Moneymarine