NIFTY TRADE SETUP

-SGX NIFTY IS WAS INDICATING A 70 POINT GAP-UP AND REVERSED INTO NEGATIVE
-REASON THE DOWN AND S&P 500 GAVE UP ITS HUGE GAINS
-NIFTY IS WITNESS EXHAUSTION ON THE UPSIDE
-TODAY WE CAN AGAIN TRADE WITHIN THE RANGE OF 10690-10830
-WITH NEGATIVE BIAS
-CRUCIAL SUPPORT IS PLACED AT 10690-10660
-CRUCIAL RESISTANCE IS PLACED AT 10850 WHICH WAS ALSO NOT BROKEN YESTERDAY
-"PLEASE NOTE" NIFTY IS TRADING INSIDE THE BAR OF 8TH JUL FOR TWO CONSECUTIVE DAY
-YESTERDAY WE BROKE ABOVE IT AND TESTED OUR 200-DMA BUT COULD NOT HOLD ONTO THE GAINS
-THERE WAS A REJECTION ON THE LEVELS OF 200-DMA
-"WAIT AND WATCH" APPROACH FOR NIFTY


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!!