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NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
INDEX SUMMARY

-SGX NIFTY IS SHOWING A 50 POINT NEGATIVE START
-INDEX HAS ALMOST ACHIEVED MY INITIAL TARGET OF 13340-13400
-PLEASE NOTE BANKNIFTY INDEX HAS MORE LEG TO COVER AS COMPARED TO NIFTY
-BANKNIFTY IS STILL 2000 POINTS AWAYS FROM ITS ALL TIME HIGH
-WERE AS NIFTY IS 8% ABOVE ITS PREVIOUS HIGH ALL-TIME HIGHER
-INDEX CREATING HIGHER SUPPORT
-ONLY WORRY POINT IS THE 50 POINT PREMIUM IN FUTURES
-IT SHOULD COMES DOWN OTHERWISE WE CAN SEE SHARP SELLOFF
-SOONER OR LATER WEAK HANDS WILL BE THROWN OUT OF THE MARKET
-CRUCIAL SUPPORT KICKS IN @13210(RISING FROM 13080)
-CRUCIAL RESISTANCE KICKS IN @13340-13400(ALMOST THERE)
-IT IS CRUCIAL FOR THE INDEX TO SUSTAIN ABOVE 13170 FOR FURTHER EXTENSION


RESISTANCE FOR THE DAY ( FUT )
13280-13340-13400
SUPPORT FOR THE DAY ( FUT )
13240-13210-13150

SCREENSHOT

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