NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

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INDEX SUMMARY

-SGX NIFTY IS INDICATING A 130 POINT GAP-DOWN
-WE HAVE BROKEN SWING LOW PATTERN ON DAILY CHART
-"HIGHER-HIGH"/"HIGH LOW" FORMATION TO NOW "LOWER-HIGH"-LOWER LOW"
-LIKE EXPLAINED EARLY USA MARKET WERE SOLD OFF YESTERDAY NIGHT
-PAIN TO BE FOLLOWED IN INDIAN MARKETS
-WE HAD DISCUSSED YESTERDAY THAT HOW AFTER BREACH OF 11180 WE WILL SEE A DASH TO 11120 TO 11060
-NOW TODAY IF MARKET GAP DOWN AND GOES BELOW 11035 AND MAKES A COME-BACK I WILL BE A BUYER IN THE INDEX
-IN THIS EXPIRY I DONOT EXPECT THE MARKET TO BREAK ITS 200-EMA
-NOW BELOW 11000 IF MARKET GOES YOU CAN SEE A DASH TOWARDS 10950-10882-10830
-BUT THESE LEVELS ARE CRUCIAL SUPPORT LEVELS EXPECT SERIOUS BUYING
-11750-11830 IS A DEMAND ZONE FOR THE MARKET
-SO INSTEAD OF GETTING SPOOKED BY MARKET MOVES LOOK TO BUY AND ACCUMULATE AT THIS LEVELS
-NOVICE TRADERS PLEASE STAY OUT OF THE MARKET TODAY AS WE HAVE MONTHLY EXPIRY


RESISTANCE FOR THE DAY (FUT)
11150-11180-11240
SUPPORT FOR THE DAY (FUT)
11030-10940-10880

SCREENSHOT



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أغلقت الصفقة: تم الوصول للهدف

NIFTY HIT A LOW OF 10885
NOW FURTHER PANIC SELLING OR DIP IS A GREAT BUYING OPPORTUNITY
UPDATED A FRESH POSITIONAL TRADE