-SGX NIFTY IS WAS INDICATING A 70 POINT GAP-UP -YESTERDAY THE INSIDE BAR BREAKOUT WAS ON THE DOWNSIDE -WE SAW HEAVY SELLING BY THE INSTITUTIONAL INVESTORS -TODAY AGAIN S&P 500 IS TRADING HIGH SO WE ARE LOOKING FOR A POSITIVE START -WE MIGHT WITNESS SELLING PRESSURE AT HIGHER LEVELS -YESTERADAY THE TRADING RANGE WAS BROKEN DOWN ON THE 30-MIN CHART -SINCE THEN MARKET FELL TO 10560 AND TOOK SUPPORT AT 200-EMA ON 30-MIN CHART -SINCE WE ALL REMEBER THAT 10550 WAS A CRUCIAL RESISTANCE TO BE BREAK NOW IT BECOMES A CRUCIAL SUPPORT -ON THE UPSIDE 10830-850 BECOME CRUCIAL RESISTANCE TO BREAK -OUR RISING WEDGE FORMATION IS STILL INTACT ON DAILY CHART -CRUCIAL SUPPORT IS PLACED AT 10550-10510 -"SELL ON RISE MARKET FOR NOW " APPROACH FOR NIFTY
NIFTY RESISTANCE FOR THE DAY 10660-10720-10750 NIFTY SUPPORT FOR THE DAY 10570-10550-10510
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