manavtechresearch

NIFTY TRADE SETUP

Short
NSE:NIFTY   Nifty 50 Index
-SGX NIFTY IS INDICATING A 30 POINT POSITIVE UPTICK
-PRICEACTION HAS AGAIN CREATED AN INSIDE BAR
-10800-10830 A GOOD LEVEL TO ENTER SHORTS ITS SELL ON RISE MARKET
-YESTERDAY PRICEACTION GAVE US CONFIRMATION THAT INDEX IS USING 10550 AS A STRONG SUPPORT ZONE
-INDEX HAS CREATED A BIGGER TRADING RANGE FROM 10815-10570
-BREAK BELOW 10550 NIFTY CAN FALL TO 10510-10480-10440
-IT WILL BE A GOOD AREA TO ENTER LONGS INTO THE MARKET AT 10440
-REMEMBER IN AN UPTREND IT WILL BE A FIRST MEANINGFUL CORRECT
-CRUCIAL SUPPORT PLACED AT 10550
-CRUCIAL RESISTANCE 10830
-"SELL ON RISE MARKET" RECOMMENDATION


NIFTY RESISTANCE FOR THE DAY
10750-10830-10850
NIFTY SUPPORT FOR THE DAY
10690-10660-10570


!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!

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