NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

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INDEX SUMMARY

-SGX NIFTY IS INDICATING A MILD POSITIVE START
-I HAD TOLD YOU YESTERDAY THAT IF 11450 IS BREACHED WE ARE LOOKING FOR A DASH
-LEVELS WERE 11385-11355-11325 ALL WERE ACHIEVED
-NOW LOOKING AT YESTERDAY'S FALL WAS TO SPOOK SMALL TRADERS
-THROW OUT THE WEAK HANDS
-WE EXPECTED A BREAK BELOW 20-EMA AS ALL MAJOR INDICES OVER THE WORLD WERE TRADING BELOW WE GOT IT
-MARKEET TOOK SUPPORT AT CRUCIAL POINT OF 11240
-WE DID SEE A BOUNCE FROM ITS 50-EMA
-NOW INDEX IS ENTERING A CRUCIAL SUPPORT ZONE
-ON EVERY 50 POINT DIP WE HAVE CRUCIAL SUPPORT LEVELS
-BELOW 11230 MARKET CAN MAKE A DASH TOWARDS 11185-11150-11120
-MAJOR SUPPORT ZONE COMES NEAR 11060-11080
-SO FOR ME SHORTING AT THESE LEVELS ARE NOT SUITABLE BECAUSE I HAVE COVERED MY SHORTS
-YES BELOW 11230 ONE CAN ATTEMPT SHORT WITH A STRICT STOP ABOVE 11280

RESISTANCE FOR THE DAY (FUT)
11280-11325-11355
SUPPORT FOR THE DAY (FUT)
11240-11185-11150

SCREENSHOT



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-BELOW 11230 MARKET CAN MAKE A DASH TOWARDS 11185-11150-11120

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2ND TARGET ACHIEVED

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THIRD TARGET ACHIEVED