Nifty took support at 12840 and bounced back sharply.

Nifty trading in upward rising channel, now upside target seems to be 13200--13250.

Trading Strategy for "Nifty" will be.

+1x 31DEC2020 Futures - around ₹ 13000
+1x 31DEC2020 13000PE - ₹ 280--270.

Max. Loss - ₹ -21,000

Estimated Margin/Premium ₹ +40,000

Trade closed: target reached:

+1x 31DEC2020 Futures - from ₹ 13000 - ₹ 13700
+1x 31DEC2020 13000PE - ₹ 280 --- 1.50