NIFTY TRADE SETUP

-SGX NIFTY IS SHOWING A GAP UP OF 75 POINTS
-THIS SHOWS A POSSIBLE MOVE ABOVE 10513
-BEST PART IS NIFTY HAS CREATED "HIGHER HIGH AND HIGHER LOW" AND BROKEN OUT OF CONSOLIDATION
-AND IF THE MARKET SUSTAINS ABOVE THAT WE CAN SEE BIG MOVES ON NIFTY
-I AM CONSTANTLY POSTING A " BUY ON DIPS" RECOMMENDATION
-THE BIGGER RANGE IS FROM 10225-10388 IS BROKEN AND SEEN A RETEST ALREADY A
-INDEX WILL USE 10407-10388 AS A SUPPORT ZONE NOW
-CRUCIAL SUPPORT AT NOW AT 10388
-MARKET IS FACTORING NEGATIVES AND FORMING A BASE
-KEY THING TO WATCH OUT IS THE FOMRATION OF A NEW TRENDLINE ON 30-MIN CHART
-PREMIUM IS IN DEEP DISCOUNT SIDEWAYS MARKET IN OPEN MIGHT LEAD TO SHORT COVERING
-THE ABOVE POINT PROVED TO BE RIGHT SHORTS WERE TRAPPED OPPPOSITE CAN HAPPEN TODAY

"BIG MOVES CAN BE EXPECTED"
"HINT IS IF MARKET OPENS ABOVE 200-EMA PLACED AT 10513"
"SUSTAINS FOR A THE FIRST 30-MINS AND CREATES A NEW MORNING HIGH"
"NIFTY THEN IF MANAGES TO CLOSE ABOVE 10540 THEN WE WILL SEE 10740-10810"
"PLEASE NOTE THE ABOVE READING IS BASED ON PRICE ACTION TO BE EXPECTED"
"PLEASE WAIT FOR CONFIRMATION"


NIFTY RESISTANCE FOR THE DAY
10440-10480-10540
NIFTY SUPPORT FOR THE DAY
10275-10350-10390

!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!


READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX

YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES

YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES