NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX NIFTY IS SHOWING A 20 POINT NEGATIVE START
-YESTERDAY MARKET TESTED THE NEW EMERGING TRENDLINE AND BOUNCED BACK HARD
-IT JUST VALIDATED OUR TRENDLINE AS MORE REVERSAL FROM THE TRENDLINE THE STRONGER THE TREND
-INDEX CAPTURED ITS CRUCIAL LEVELS OF 11815 AND 11855 AGAIN YESTERDAY
-I HAVE POINTED THIS OUT QUIET A FEW TIMES THAT WHENEVER CLOSES ABOVE 11850 IT USUALLY CROSSES ABOVE 11980-12000
-YESTERDAY HEAVY DISCOUNT IN PREMIUM FUTURES WAS BROUGHT BY THE MARKET
-NIFTY YESTERDAY MANAGED TO BOUNCE BACK FROM THE LOWS TO AND ABSORB THE SELLING PRESSURE
-NOW CRUCIAL SUPPORT COMES IN @11785
-CRUCIAL RESISTANCE COMES IN @11948
-SUPPORT ZONE COMES IN @111585-11625
-INDEX YESTERDAY GAVE US GOOD 30 POINTS ON OUR DASH TRADE
-DASH LEVELS ARE AVAILABLE
-WAIT AND WATCH APPROACH


SCALP TRADE WITH DASH LEVELS
BULL SCENARIO

-IF MARKET CROSSES ABOVE 11915

NIFTY FUTURES TRADE
BUY@11916
STOP@11890
TARGET@11946
QTY=300

-IF INDEX CROSSES BELOW 11785

NIFTY FUTURES TRADE
SHORT@11784
STOP@11816
TARGET@11724
QTY=300

RESISTANCE FOR THE DAY (FUT)
11915-11855-11815
SUPPORT FOR THE DAY (FUT)
11785-11815-11855

SCREENSHOT



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