NIFTY Trade Setup for Wednesday (04-Dec-2024)NSE:NIFTY
Key Notes:
NIFTY FUTURES OI Data is Bullish Bias.
Previous day, Price closed at Demand (M15) zone.
Price is looking for Buy Stops at the premium zone.
There are cluster of Institutional bearish reference levels to hold the price.
If there is a gap up opening today, price must break the bearish reference level.
If price fails to break even with gap up, Price will like to take U turn from bearish levels.