NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX NIFTY IS AGAIN SHOWING A 80 POINT BUMP UP
-INDEX HAS A NEW TRENDLINE SUPPORT
-INDEX HAS HIGHEST CALL OPTION OI IN THE 13000 STRIKE PRICE
-IF INDEX STARTS TO SUSTAIN ABOVE 12965-12975 WE WILL START SEEING HEAVY SHORT COVERING
-ALTHOUGH I EXPECT PROFIT BOOKING AT HIGHER LEVELS
-IF INDEX BREAK A SHARP MOVE TOWARDS 13100-13200 CANNOT BE RULED OUT
-IT IS MONHTLY EXPIRY WEEK SO I EXPECT VOLATILITY
-CRUCIAL SUPPORT COMES IN @12750
-CRUCIAL RESISTANCE COMES IN @13000(12975-13000 CAN ACT AS SUPPLY ZONE)
-NO DASH TRADES AVAILABLE
-MONTHLY EXPIRY WEEK SO I DONOT EXPECT ONE SIDE MOVE
-SO DONOT OVER TRADE


RESISTANCE FOR THE DAY (FUT)
12910-12965-13000
SUPPORT FOR THE DAY (FUT)
12850-12798-12750

SCREENSHOT

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