NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX NIFTY IS SHOWING A 60 POINT UP TICK
-INDEX TRADING INSIDE A CHANNEL
-GAP INDICATES BREAK OF THAT CHANNEL
-WILL THE GAP SUSTAIN WE NEED TO WATCH CLOSELY
-WE HAD DISCUSSED THIS YESTERDAY ITSELF THAT ONCES 13000 IS TAKEN OUT WE WILL SEE HIGHER LEVELS
-AS A RESULT OF SHORT-COVERING
-IT IS MONHTLY EXPIRY WEEK SO I EXPECT VOLATILITY NOT VISIBLE TILL NOW
-CRUCIAL SUPPORT COMES IN @12965
-CRUCIAL RESISTANCE SHOULD KICK IN @13220
-MONTHLY EXPIRY WEEK SO I DONOT EXPECT ONE SIDE MOVE
-SO DONOT OVER TRADE


RESISTANCE FOR THE DAY (FUT)
13150-13183-13220
SUPPORT FOR THE DAY (FUT)
12925-12965-13000

SCREENSHOT

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