NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX NIFTY IS SHOWING A FLAT START
-ASCENDING TRIANGLE PATTERN VISIBLE IN HOURLY CHART
-IF THE PATTERN IS TRUE WE CAN EXPECT THAT AN CORRECTION TILL 11845-11855 TO BE BROUGHT
-FIRST INDEX SWING LOW WAS 11670-11766-?
-IF THE FORMATION IS TRUE INDEX IS HEADING TOWARDS A UPSIDE BREAK
-INDEX FOR 4TH TIMME HAS REVERSED FROM 12000
-IT MEANS THE THOUGH THE INDEX IS FACING STRONG RESISTANCE ON THE UPSIDE THE WALL IS GETTING WEAKER
-FII WERE NET BUYERS AGAIN ON FRIDAY THEY WERE NET BUYERS THE WHOLE WEEK
-CRUCIAL RESISTANCE IS @12016
-CRUCIAL SUPPORT IS @11815
-100-EMA RISING AND ALSO PROVIDING CRUCIAL SUPPORT SUPPORT
-IT ACTUALLY BOUNCED FROM ITS 100-EMA ON HOURLY CHART
-INDEX IS CREATING A HIGHER HIGH AND HIGHER LOW FORMATION
-BELOW 11815 INDEX WILL BE LOOKING TO TEST ITS LOW OF 11670
-IF CRACKS BELOW IT MIGHT TEST THE DEMAND ZONE OF 11625-11580
-ON THE UPSIDE ITS VERY SIMPLE TRADE INDEX IS A BUY ABOVE 12016
-IF INDEX CROSSES ABOVE 12016 IT CAN RETEST 12150-12268 MINOR HURLDE @12070
-WAIT AND WATCH APPROACH



SCALP TRADE WITH DASH LEVELS
BULL SCENARIO

-IF MARKET CROSSES ABOVE 12010

NIFTY FUTURES TRADE
BUY@12016
STOP@11976
TARGET@12066
QTY=300

-IF INDEX CROSSES BELOW 11815

NIFTY FUTURES TRADE
SHORT@11813
STOP@11860
TARGET@11700
QTY=300


RESISTANCE FOR THE DAY (FUT)
12015-11975-11945
SUPPORT FOR THE DAY (FUT)
11915-11870-11850

!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!HAPPY TRADING!!
!!PLEASE LEAVE LIKE!!
!!FEEL FREE TO CLEAR DOUBT IN THE COMMENT SECTION!!

Trade closed: target reached:

BOOKED NIFTY FUTURES @11750