NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX NIFTY INDICATING A 35 POINT GAP-DOWNN
-ON DAILY CHART INDEX HAS STARTED TO TRADE BELOW ITS 20-EMA
-WHICH IS NOT GIVING GOOD SIGNS
-HAD MENTIONED BEFORE WE HAVE A DEMAND ZONE BETWEEN 11625-11580
-WE BOUNCED BACK HARD FROM THOSE LEVELS
-NOW SINCE SWING PATTERNS ARE INDICATING A NEGATIVE FLOW EXPECTATION
-CRUCIAL SUPPORT KICKS IN @11580
-CRUCIAL RESISTANCE @11762
-FOR MARKET TO TREND HIGHER INDEX NEEDS TO CROSS ABOVE 11715 AND TEST 11762 AND
-CORRECT AGAIN AND BREAK 11815
-INDEX ALSO HAS 200-SMA SUPPORT @11618
-DASH TRADE AVAILABLE
-WAIT AND WATCH APPROACH

NIFTY FUTURES DASH TRADE

IF INDEX MOVES ABOVE 11715
BUY@11716
STOP@11670
TARGET@11760
QTY=300

IF INDEX MOVES BELOW 11600
SHORT@11595
STOP@11625
TARGET@11558
QTY=300


RESISTANCE FOR THE DAY (FUT)
11775-11715-11675
SUPPORT FOR THE DAY (FUT)
11665-11625-11585

SCREENSHOT


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