NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

-SGX NIFTY IS INDICATING A POSITIVE START
-INDEX IS TRADING IN A RANGE
-RANGE IS WIDER DUE TO THE VOLATILITY ON MONDAY
-VIX FALLING AGAIN IS A GOOD THING
-SHORTS ARE NOT GETTING TRACTION ON THE DOWNSIDE
-MONDAY EVENT CAN TURN OUT TO BE A ONE OFF EVENT
-IF INDEX STARTS TO RALLY ABOVE 11610 WE COULD HAVE A TREDNING DAY
-BUT STILL NOT EAGER TO TAKE INDEX TRADE
-SENTIMENT IS MIXED I WOULD WAIT FOR TRADE
-CRUCIAL SUPPORT PLACED @11430
-CRUCIAL RESISTANCE PLACED @11615
-WAIT AND WATCH APPROACH


RESISTANCE FOR THE DAY (FUT)
11615-11680-11715
SUPPORT FOR THE DAY (FUT)
11350-11425-11440

SCREENSHOT