NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

-SGX NIFTY INDICATING A NEGATIVE START
-USA MARKET SAW SELLING PRESSURE OVERNIGHT
-RECENT LOWS WERE TESTED IN DOW JONES AND S&P 500
-AS DISCUSSED YESTERDAY MARKET TESTED 11435 -11372 LEVELS
-NIFTY HAS CARRIED BY RELIANCE YESTERDAY
-OTHERWISE THE INDEX WAS SUFFERING
-GOING BY THE LEVELS NIFTY IS BACK ABOVE ITS 20-EMA
-ON DAILY CHART NIFT HAS CREATED A BULLISH PATTERN CALLED AS "MORNING STAR" CANDLESTICK PATTERN
-NOW EXPECT NIFTY TO TRADE BETWEEN 11355-11585
-CRUCIAL SUPPORT @11355(FUT)
-CRUCIAL RESISTANCE PLACED @11585(FUT)

RESISTANCE FOR THE DAY (FUT)
11525-11555-11585
SUPPORT FOR THE DAY (FUT)
11275-11300-11355