**Market Analysis and Strategies for NIFTY on December 22, 2023**
Following a substantial decline during Wednesday's trading session, NIFTY has displayed signs of a recovery rally from its recent low. As of today, December 21, 2023, there is a possibility of a close near the day's high. Looking ahead to December 22, 2023, the market may experience a subdued session following the recent volatility in the last couple of days.
**Potential Trading Strategies:**
1. **Scenario 1: Opening Higher Near 21300 - 21320:**
- If the price opens higher in the range of 21300 - 21320 and subsequently falls below 21300, it is anticipated that prices might trade within the range of 21300 - 21227.
- **Sell Signal:** Execute a sell order below 21215 with a Stop Loss (SL) set at 21240, targeting a level of 21134.
2. **Scenario 2: Sustaining Above 21320:**
- If prices manage to sustain above 21320, consider a buy position with a SL of 21290, targeting a level of 21460.
3. **Deep Red Opening Below 21180:**
- In the event of a deep red opening below 21180, prices may find support in the range of 21134 - 21100.
- **Buy Signal:** Contemplate a buying trade with a SL of 21045, targeting levels of 21180, 21227, and 21300.
4. **Failure to Support at 21045:**
- If prices fail to find support at 21045, a potential drop to 20945 - 20935 may occur.
**Coming Days Outlook:**
- On the upside, there is a possibility of prices reaching a new high of 21670 in the coming days, especially if they can sustain at 21460.
These strategies are based on the current market conditions and should be executed with careful consideration of risk management principles. Always use appropriate stop-loss orders to mitigate potential losses.
Following a substantial decline during Wednesday's trading session, NIFTY has displayed signs of a recovery rally from its recent low. As of today, December 21, 2023, there is a possibility of a close near the day's high. Looking ahead to December 22, 2023, the market may experience a subdued session following the recent volatility in the last couple of days.
**Potential Trading Strategies:**
1. **Scenario 1: Opening Higher Near 21300 - 21320:**
- If the price opens higher in the range of 21300 - 21320 and subsequently falls below 21300, it is anticipated that prices might trade within the range of 21300 - 21227.
- **Sell Signal:** Execute a sell order below 21215 with a Stop Loss (SL) set at 21240, targeting a level of 21134.
2. **Scenario 2: Sustaining Above 21320:**
- If prices manage to sustain above 21320, consider a buy position with a SL of 21290, targeting a level of 21460.
3. **Deep Red Opening Below 21180:**
- In the event of a deep red opening below 21180, prices may find support in the range of 21134 - 21100.
- **Buy Signal:** Contemplate a buying trade with a SL of 21045, targeting levels of 21180, 21227, and 21300.
4. **Failure to Support at 21045:**
- If prices fail to find support at 21045, a potential drop to 20945 - 20935 may occur.
**Coming Days Outlook:**
- On the upside, there is a possibility of prices reaching a new high of 21670 in the coming days, especially if they can sustain at 21460.
These strategies are based on the current market conditions and should be executed with careful consideration of risk management principles. Always use appropriate stop-loss orders to mitigate potential losses.