-SGX NIFTY IS WAS INDICATING A 30 POINT DOWNTICK -NOW FOR TWO CONSECUTIVE DAYS WE HAVE SEEN SELL ON RISE MARKET -YESTERDAY SELLING WAS BRUTAL -INDEX AGAIN TOOK SUPPORT AT 200-EMA(30-MIN CHART) -10550-10575 IS ACTING AS A STRONG SUPPORT ZONE AND IT WILL BE TESTED TODAY -BREAK BELOW NIFTY CAN FALL TO 10480-10440 -IT WILL BE A GOOD AREA TO ENTER LONGS INTO THE MARKET -REMEMBER IN AN UPTREND IT WILL BE A FIRST MEANINGFUL CORRECT -CRUCIAL SUPPORT PLACED AT 10550 -CRUCIAL RESISTANCE 10830
NIFTY RESISTANCE FOR THE DAY 10720-10750-10830 NIFTY SUPPORT FOR THE DAY 10570-10550-10510
!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!!