Nifty update on 13th Dec 2021

Good morning everyone, I hope you guys have a great weekend. Now time to get back to work and talk about the first trading day for this week. The Index is trading on the hourly resistance (17,600 to 17,650), and a breakout can change the hourly trend downtrend to an uptrend, but the problem is that the higher time frame is still negative Intraday is a bit risky these days.

India USD and SGX are both trading on a positive note. CMP is 17,657, almost 150 points up from our Friday closing, so there are higher chances of seeing a gap again.

Intraday Trade Setup on 13th Dec. 2021
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Intraday Resistance : 17,600
Intraday Support is: 17,380
Key Resistance : 17,840
Key Support:17,000

Trade Accordingly.
Good Luck