manavtechresearch

NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

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

-SGX NIFTY IS SHOWING A 25 POINT UP TICK
-INDEX HAS A NEW TRENDLINE SUPPORT AND WE GOT A CHANNEL CONFIRMATION YESTERDAY ON HOURLY/30-MIN CHART
-INDEX HAS HIGHEST CALL OPTION OI IN THE 13000 STRIKE PRICE
-AGAIN I WILL SAY IF 13000 IS TAKEN OUT MARKET WILL ROAR ON THE UPSIDE
-IF INDEX STARTS TO SUSTAIN ABOVE 12965-12975 WE WILL START SEEING HEAVY SHORT COVERING
-ALTHOUGH WE EXPECT PROFIT BOOKING AT HIGHER LEVELS AND WE GOT THAT PROFIT BOOKING
-IT IS MONHTLY EXPIRY WEEK SO I EXPECT VOLATILITY
-CRUCIAL SUPPORT COMES IN @12750
-CRUCIAL RESISTANCE COMES IN @13000(12975-13000 CAN ACT AS SUPPLY ZONE )
-NO DASH TRADES AVAILABLE
-MONTHLY EXPIRY WEEK SO I DONOT EXPECT ONE SIDE MOVE
-SO DONOT OVER TRADE


RESISTANCE FOR THE DAY ( FUT )
12925-12965-13000
SUPPORT FOR THE DAY ( FUT )
12850-12798-12750

SCREENSHOT

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