-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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