INDEX SUMMARY -SGX NIFTY IS SHOWING A FLAT TO POSITIVE START -AS WE DISCUSSED YESTERDAY HEAD-AND SHOULDER PATTERN BECOMES INVALID ONCES INDEX CROSSES ABOVE 13100 -AND EVENTUALLY BROKE ABOVE 13100 TO START A FRESH LEG OF RALLY -NOW WHAT WE DID NOT DISCUSS YESTERDAY IS THAT ON DAILY CHART INDEX IS TRADING INSIDE THE BAR OF 25/11 -THE BIG RED BAR WAS BROKEN ON THE UPSIDE YESTERDAY WHERE WE CLOSED ABOVE THE OPENING OF 25/11 -MARKET MADE A MEAL OF THE MARGIN RULES -CRUCIAL SUPPORT FOR INDEX COMES IN @13057(RESISTANCE TURNED SUPPORT) -CRUCIAL RESISTANCE SHOULD KICK IN @13300-400 -IF MARKET STARTS TO SUSTAIN ABOVE 13140 WE WILL SEE MOVES ON THE UPSIDE
RESISTANCE FOR THE DAY (FUT) 13225-13280-13340 SUPPORT FOR THE DAY (FUT) 13080-13050-12990
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