manavtechresearch

NIFTY TRADE SETUP FOR THE WEEK

Long
NSE:NIFTY   Nifty 50 Index
-SGX NIFTY IS INDICATING A FLAT START
-PRICEACTION HAS SHOWN US INDEX IS BREAKING ABOVE 200-SMA WITH A INSIDE-BAR BREAKOUT
-10870 IS WERE THE 200-SMA IS PLACED AND WAS BROKEN OUT
-ON FRIDAY INDEX CLOSED AT THE HIGHEST POINT INDICATING AGGRESSIVE BUYING
-10870 BECOMES A GOOD ENTRY ARED TO GO LONG
-CRUCIAL SUPPORT IS PLACED AT 10810 FOR THE DAY
-CRUCIAL RESISTANCE IS PLACED AT 11035
-"BUY ON DIPS MARKET"


NIFTY RESISTANCE FOR THE DAY
11125-11035-10975
NIFTY SUPPORT FOR THE DAY
10870-10810-10750

!!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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