clementemerson

NIFTY EXPECTED TO BE IN RANGE

SGX:IN1!   SGX NIFTY 50 INDEX FUTURES
THIS ANALYSIS IS BASED ON SGX NIFTY (LEVELS WILL BE VERY CLEAR AS IT TRADES NEARLY ALL THE TIME)

RANGE: 15311 AND 15411.

ON LOWER SIDE, NIFTY WILL FIND SUPPORT AT 15311 LEVELS AND ON THE UPPER SIDE IT WILL FEEL THE RESISTANCE AT 15411.

BUY/SELL
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IF WE SEE A REVERSAL AT 15311, WE COULD BUY FOR A TARGET OF 15400.
IF WE SEE A REVERSAL AT 15411 WE COULD SELL FOR A TARGET OF 15320.

IF 15311 IS BREACHED, WE COULD SELL FOR THE TARGET OF 15225.
IF 15411 IS BREACHED (HIGHLY LESS PROBABLE), IT IS A NEW HIGH. WE COULD BUY FOR A INVISIBLE TARGET.
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