NIFTY TRADE SETUP -SGX NIFTY IS SHOWING A DOWNTICK OF OF 60 POINTS
-YESTERDAY NIFTY TESTED THE UPPER RANGE OF 10830
-I EXPECT THE INDEX TO TRADE WITHIN THE RANGE BUT WITH A UPSIDE BIAS
-THE MORE TIME NIFTY SPENDS INSIDE THE RANGE THE STRONGER WILL BE THE BREKAOUT
-BUT STILL WHAT WE HAVE ON NIFTY IS A RANGEBOUND MOVEMENT FROM 10690-10830
-THIS PRICE ACTION IS VISIBLE ON 30-MIN CHART
-LIKE DISCUSSED BEFORE THAT NIFTY IS SEEING A EXHAUSTION AND IS LOOKING TO CONSOLIDATE
-INDEX WILL RALLY ABOVE ITS 200-SMA ONLY
-200-SMA IS PLACED AT 10880
-YESTERDAY IN THE INDEX INSIDE BAR PATTERN WAS VISIBLE
-BREAKOUT IS ON THE CARDS TILL THEN RANGE IS VALID
-CRUCIAL SUPPORT IS PLACED AT 10660 WHICH HAS PROVIDED SUPPORT
-INTRADAY SUPPORT IS PLACED AT 10690
-"AVOID POSITIONAL TRADE"
-WAIT FOR THE RANGE TO BREAK
NIFTY RESISTANCE FOR THE DAY
10810-10887-10950
NIFTY SUPPORT FOR THE DAY
10750-10720-10660
!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!
