NIFTY Trade Setup for Wednesday (04-Dec-2024)

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.