NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX NIFTY IS SHOWING A 40 POINT POSITIVE START
-INDEX IS TRADING ABOVE 13400 HEAVILY OVERBROUGHT
-MINOR RESISTANCE DEVELOPED AROUND 13465(FUT)
-YESTERDAY WE SAW FIRST SIGNS OF EXHAUSTION
-13500 WILL BE SEEN AS A CRUCIAL RESISTANCE ZONE CAN SEE SOME SELLING PRESSURE
-BE STOCK SPECIFIC IN INDEX STOCKS
-RELIANCE CAN PROVIDE SOME FRESH BOOST
-CRUCIAL SUPPORT RISING FROM LOWER LEVEL IS PLACED AT @13290(13290-13260 DEMAND ZONE)
-CRUCIAL RESISTANCE LETS PLACE IT @13500
-WAIT AND WATCH APPROACH AVOID FRESH LONGS
-IF MARKET BREAKS A SWING LOW OF 13175 WE WILL SEE FURTHER CORRECTION
-UNTIL THEN ALL DIPS ARE WORTH BUYING
-THIS DIPS ARE SEEN REGULARLY SO NO NEED TO BUY AT HIGHEST LEVELS


RESISTANCE FOR THE DAY (FUT)
13450-13465-13500
SUPPORT FOR THE DAY (FUT)
13348-13290-13260

SCREENSHOT

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