Nifty Analysis for 29th December

Nifty Analysis for 29th December;

On Tuesday Nifty opened with Gap-up and consolidated throughout the day but able to close above 17200.

But at the same time huge straddles are formed at 17200 and if you look above chart today nifty got rejected at the top of the channel.

On Wednesday nifty will open with slight gap-down and there will be a huge volatility with a solid support at 17000 and a good resistance at 17400.

Immediate support at
17160-17180 zone

Next support at
17080-17100zone

Immediate Resistance at
17240

Next Resistance at
17340