NIFTY taking support, FII holidays indicate positive streak

Disclaimer: I am not a SEBI registered advisor. Views strictly personal, not to be used for actual trading.

NIFTY is taking support at 21EMA, also 0.382 levels in both downtrend and uptrend providing support at 16850 levels. Also current price taking support at the upper trend line of the price channel. If NIFTY does not breach these levels, then a positive trend this week possible. Upside till 17400 levels possible by end of December.