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NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
INDEX SUMMARY

-SGX NIFTY IS SHOWING A 50 POINT POSITIVE START
-INDEX IS TRYING TO BREAK ABOVE ITS BEARISH ENGULFING BAR CREATED ON 25/11
-NOW SUSTAINING ABOVE IT
-YESTERDAY PREVIOUS DAY HIGH WAS TESTED AND MARKET SUSTAINED ABOVE IT
-INDEX CREATING HIGHER SUPPORT
-NIFTY INDEX IS STRONGER AS COMPARED TO BANKNIFTY INDEX
-ONLY WORRY POINT IS THE 50 POINT PREMIUM IN FUTURES
-SOONER OR LATER WEAK HANDS WILL BE THROWN OUT OF THE MARKET
-WHICH WAS FURTHER LEAD WITH A SHARP RECOVERY LEAD TO SHORT COVERING
-TODAY INDEX IS OPENINIG GAP-UP NEAR 13200
-CRUCIAL SUPPORT KICKS IN @13080(RISING FROM 12990)
-CRUCIAL RESISTANCE KICKS IN @13340-13400
-IT IS CRUCIAL FOR THE INDEX TO SUSTAIN ABOVE 13170 FOR FURTHER EXTENSION


RESISTANCE FOR THE DAY ( FUT )
13225-13280-13340
SUPPORT FOR THE DAY ( FUT )
13150-13080-13050

SCREENSHOT

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