NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX IS INDICATING A 70 POINT GAP-UP TODAY
-LIKE WE HAD DISCUSSED ON THURSDAY AND EXECUTED LONGS WE ARE CARRYING NIFTY LONGS WITH "TSL"
-WHAT IS VISIBLE ON HOURLY CHART IS THAT THE INDEX HAS CAPTURED ITS 20-EMA AGAIN WHICH IS A POSITIVE SIGN
-WE ARE BACK ABOVE THE 11000 LEVELS WHICH THE BULLS WILL CHERISH
-WE MAKING ATTEMPTS TO CLOSE THE GAP-DONW ON DAILY TIME-FRAME WHICH IS FROM BETWEEN 11148-11012
-SUPRISINGLY THE 50-EMA ON DAILY AND HOURLY CHART IS IN THE SUPPLY ZONE OF 11185-11150
-EXPECT FRESH SHORT ATTEMPTS NEAR THE LEVELS OF 11120-11125 AND 11180-11190
-BANKS CARRY MAJOR SENTIMENT TODAY SO NEED TO TRADE WITH CAUTION
-ON DAILY CHART WHERE 100-EMA AND 200-EMA ARE ACTING AS SUPPORT WILL TURN RESISTANCE ON HOURLY CHART
-CRUCIAL SUPPORT PLACED @11030
-CRUCIAL RESISTANCE PLACED @11240
-SO LAUNCHING NEW SEGMENT SCALP TRADES WITH DASH LEVELS

SCALP TRADE WITH DASH LEVELS
BULL SCENARIO
-IF MARKET CROSSES ABOVE 11190

NIFTY FUTURES TRADE
BUY@11190-11192
STOP@11150
TARGET@11225
QTY=300

-IF MARKET CROSSES ABOVE 11238

NIFTY FUTURES TRADE
BUY@11240
STOP@11220
TARGET@11270
QTY=300

BEAR SCENARIO
-IF INDEX FALLS BELOW 11030

NIFTY FUTURES TRADE
SHORT@11028
STOP@11065
TARGET@10970
QTY=300


RESISTANCE FOR THE DAY (FUT)
11120-11150-11180-
SUPPORT FOR THE DAY (FUT)
11030-10945-10880

SCREENSHOT



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