NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX NIFTY IS INDICATING A FLAT START
-AS WE WERE CLOSED ON FRIDAY
-IF INDEX DO GAP-UP WE ARE DONE WTH OUR POSITIONAL LONG TRADE IN NIFTY INDEX
-V-SHAPE RECOVERY HAS BEEN SEEN
-NIFTY HAS TWO CRUCIAL AREAS FROM WHERE I EXECPT MOVEMENT
-NIFTY CRUCIAL SUPPORT WILL BE @11393
-NIFTY CRUCIAL RESISTANCE WILL BE @11450
-WAIT FOR DASH LEVELS TO BE EXECUTED
-WATCH OUT FOR RELIANCE WILL DECIDE THE TREND TODAY


SCALP TRADE WITH DASH LEVELS

BULL SCENARIO
-IF MARKET CROSSES ABOVE 11450

NIFTY FUTURES TRADE
BUY@11452
STOP@11432
TARGET@11472
QTY=300

-IF MARKET CROSSES ABOVE 11522

NIFTY FUTURES TRADE
BUY@11525
STOP@11500
TARGET@11550
QTY=300


BEAR SCENARIO
-IF INDEX FALLS BELOW 11393

NIFTY FUTURES TRADE
SHORT@11390
STOP@11360
TARGET@11420
QTY=300


RESISTANCE FOR THE DAY (FUT)
11454-11490-11525
SUPPORT FOR THE DAY (FUT)
11318-11355-11393

SCREENSHOT


!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!HAPPY TRADING!!
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