NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX NIFTY IS SHOWING A 100P POINT GAP-UP
-TODAY WE NEED TO SEE IF MARKET SUSTAINS ABOVE ITS 200-EMA
-YESTERDAY I HAD GIVEN A POSITIONAL LONG TRADE AND HAD ADJUSTED ITS STOPLOSS
-NOW MARKET MIGHT HAVE INTO SELL ON RALLY FOR THE SHORT-TERM
-I WOULD EXPECT THE SAME TO HAPPEN TODAY
-MARKET IF BREAKS BELOW 10800 WE WILL SEE A DASH TOWARDS 10750-10725
-CRUCIAL SUPPORT@10850
-CRUCIAL RESISTANCE@10945
-IF YOU ARE RISK AVERSE PLEASE DO NOT ENTER INTO THE MARKET UNLESS MARKET STARTS TO BREAK BELOW 10750
-PANIC SELLING IS EXPECTED BELOW 10720

RESISTANCE FOR THE DAY (FUT)
11150-11180-11240
SUPPORT FOR THE DAY (FUT)
10750-10840-11885

SCREENSHOT



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