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NIFTY TRADE SETUP

NSE:NIFTY   Nifty 50 Index
-SGX NIFTY IS SHOWING A GAP UP OF 45 POINTS
-THIS SHOWS A POSSIBLE OPEN ABOVE YESTERDAY HIGH
-BEST PART IS NIFTY HAS BROKEN ITS 200-EMA ON DAILY CHART AND MANAGED TO CLOSE ABOVE 10550
-AND IF THE MARKET SUSTAINS ABOVE THAT WE CAN SEE BIG MOVES ON NIFTY
-A " BUY ON DIPS" RECOMMENDATION
-CRUCIAL SUPPORT AT NOW AT 10550
-MARKET IS LOOKING TO REASON TO RALY EVERYTIME
-KEY THING TO WATCH OUT IS THE FOMRATION OF A NEW TRENDLINE ON 30-MIN CHART
-PREMIUM WAS IN DISCOUNT THE FUTURE INDEX HAS CAUGHT WITH THE SPOT RATE
-THIS SHOWS THE SHORT COVERING YESTERDAY
-NIFTY NEXT TARGETS 10620-10740
-NIFTY INDEX CAN LOOK TO TEST ITS 200-SMA PLACED AT 10890

"BIG MOVES CAN BE EXPECTED"
"HINT IS IF MARKET OPENS ABOVE 200-EMA PLACED AT 10513"
"SUSTAINS FOR A THE FIRST 30-MINS AND CREATES A NEW MORNING HIGH"
"NIFTY THEN IF MANAGES TO CLOSE ABOVE 10540 THEN WE WILL SEE 10740-10810"
"PLEASE NOTE THE ABOVE READING IS BASED ON PRICE ACTION TO BE EXPECTED"
"PLEASE WAIT FOR CONFIRMATION"
"ALL PROVED TO BE RIGHT YESTERDAY"

NIFTY RESISTANCE FOR THE DAY
10620-10700-10740
NIFTY SUPPORT FOR THE DAY
10550-10520-10480

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

READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX
YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES
YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES
mktech94
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