-SGX NIFTY INDICATING A 70 POINT GAP-UP -AFTER BIG BEAR ROAR ON WEEKLY EXPRIY DAY BULLS SHOWED SOME SIGN OF FIGHT ON FRIDAY -NIFTY ON FRIDAY CREATED A INSIDE BAR PATTERN ON DAILY CHART -INDICATING INDECISIVENESS IN THE MARKET -SUPPORT ZONE COMES BELOW 11625-11585 -FIBONACCI INDICATES 50% AND 61.8% RETRACEMENT LEVEL AT 11630-11540 ON HOURLY CHART -IF INDEX STARTS TO TRADE BELOW 11580 WILL BE EVERY NEGATIVE -ON THE OTHERSIDE FOR INDEX TO MOVE HIGHER WE NEED TO SEE A INITIAL MOVE ABOVE 11815-11855 -LIKE IN THE PAST I HAVE MENTIONED WHENEVER INDEX CLOSES ABOVE 11853 IT MANAGES TO CROSS ABOVE 12000 -IF INDEX MANAGES TO TAKE OUT PREVIOUS HIGH OF 12015 INDEX CAN RALLY TO 12075 -WAIT AND WATCH APPROACH ON THE INDEX -WAIT FOR THE INDEX TO CROSS LEVELS TO ACTIVATE DASH TRADES
NIFTY RESISTANCE FOR THE DAY 11795-11815-11854 (FUT) NIFTY SUPPORT FOR THE DAY 11680-11630-11580 (FUT)
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