NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX IS INDICATING A 25 POINT GAP-UP
-TRUMP STATEMENT ON STIMULUS CAUSED A SHARP DIP IN US MARKET
-BUT TODAY ASIAN MARKETS ARE HOLDING THEIR OWN FOR NOW
-GOING BY THE PRICE ACTION NIFTY IS READYING ITSELF TO TAKE OUT PREVIOUS HIGH
-MARKET CLOSING AT THE HIGHEST INDICATES POSITIVE MOMENTUM TO FOLLOW
-NOW SINCE THE BIGGEST HURDLE OF 11625 TAKEN OUT
-IT WILL ACT AS CRUCIAL SUPPORT
-NEW SUPPORT ZONE IS FROM 11585-11625
-UNTIL MARKET SUSTAINS ABOVE THIS LEVEL WE WILL MAKE AN ATTMEPT TO TAKE OUT 11800
-NOW COMING TO RESISTANCE LEVEL PREVIOUS SWING HIGH OF 11794 WILL BE A MINOR RESISTANCE
-CRUCIAL RESISTANCE COMES AT 11854
-PLEASE NOTE IT HAS BEEN SEEN IN THE PAST THAT WHEN MARKET CROSSES ABOVE 11850 AND CLOSES ABOVE IT
-INDEX DOES MANAGE TO TOUCH 12000-12050
-NOT LOOKING TO SHORT
-LOOKING FOR BUY ON DIPS

SCALP TRADE WITH DASH LEVELS
BULL SCENARIO
-IF MARKET CROSSES ABOVE 11794

NIFTY FUTURES TRADE
BUY@11795
STOP@11755
TARGET@11845
QTY=300


RESISTANCE FOR THE DAY (FUT)
11555-11585-11625
SUPPORT FOR THE DAY (FUT)
11490-11450-11425


SCREENSHOT


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