NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX NIFTY IS SHOWING A 40 POINT NEGATIVE START
-NIFTY HAS ALMOST COVERED EXPIRY DAY FALL
-INDEX FOR 4TH TIMME HAS REVERSED FROM 12000
-BUT BRUTALLY AND TRIGGERING STOPLOSSES
-WE DID SEE A SHARP BOUNCE FROM THE LOW OF 11765 WHICH WAS ONE OF LEVELS FOR SUPPORT
-IT ACTUALLY BOUNCED FROM ITS 100-EMA ON HOURLY CHART
-INDEX IS CREATING A HIGHER HIGH AND HIGHER LOW FORMATION
-BELOW 11765 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 INDEX IS A BUY ABOVE 12016
-IF INDEX CROSSES ABOVE 12016 IT CAN RETEST 12150-12268 MINOR HURLDE @12070
-WAIT AND WATCH APPOARCH ON INDEX AS EXPIRY ALSO TODAY



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 11766

NIFTY FUTURES TRADE
SHORT@11765
STOP@11900
TARGET@11700
QTY=300


RESISTANCE FOR THE DAY (FUT)
12015-11975-11945
SUPPORT FOR THE DAY (FUT)
11915-11870-11850-11815

SCREENSHOT

!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
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