Positional View #NiftyFutres for Dec Series. Nifty Fut Triggers Point are 12100 is a Buy Break-Out Zone & 12060 is Break-Down Zone. kindly refer to the chart posted for a graphical understanding of above.
Let's discuss 2 possible Trade Setup.
1) Nifty Fut Break-Out above 12100 mark - > Heading for a Tgt of 12240 - 50 on fut basis. 2) Nifty Fut Break-Down Below 12060 mark - > Heading for a Tgt of 11850 - 40 on fut basis.
Game Changer - > 11720 - 11700 mark.
We shall review the trade-setup with market progresses. Stay Tuned.