Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
In this post we will discuss about how to trade Nifty and banknifty on 16th dec 2020
Nifty
Resistance= 13580-600 is the resistance.
Play only on a gap up
BUY on first 15 min candle chart high (either a elephant bar or a hammer candle)
sl= below candle low.
13562-13450 is no trade zone.
We will trade the edges Only
Banknifty
Buy above 30900 if we get a 15 min close (in gap up)
30850-30400 is a no trade zone
Stocks
Eicher Motors
Buy above 2490 (5 min close with volume) sl=2475
Jswsteel
Buy above 366 sl=363
tgt=370/373/376
HDFC BANK
Buy above 1398 sl=1389 tgt= 1410/1415/1422
Please consult your financial advisor before taking the above trades.