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NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

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

-SGX NIFTY IS SHOWING A 40 POINT POSITIVE START
-INDEX IS TRYING TO BREAK ABOVE ITS BEARISH ENGULFING BAR CREATED ON 25/11
-YESTERDAY INDEX HAD CRACKED TO RETEST 13000
-WHICH WAS FURTHER LEAD WITH A SHARP RECOVERY LEAD TO SHORT COVERING
-TODAY INDEX IS OPENINIG GAP-UP NEAR 13200
-CRUCIAL SUPPORT KICKS IN @12990
-CRUCIAL RESISTANCE KICKS IN @13170(TAKEN OUT IN OPENING)
-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)
13080-13050-12990

SCREENSHOT

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