NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

16 Eyl 2020

INDEX SUMMARY
-"INSIDE BAR ON NIFTY INDEX ON DAILY CHART
-INDEX IS MANAGING TO SUSTAIN ABOVE ITS 20-EMA AGAIN
-ON HOURLY NIFTY INDICATES RESISTANCE AT 11570-11585
-AGAIN IF INDEX RANGE IS TRUE THEN A FALL TO 11380 LEVEL CANNOT BE RULED OUT
-IF INDEX FAILS TO BREACH ABOVE 11585
-IF DOES BREACH THEN SHORT-COVERING DASH WILL TAKE THE INDEX TO 11605-11625
-INDEX WILL START TREDNING ABOVE 11631
-NIFTY WILL MAKE A DASH TOWARDS 11680 IF CROSSES ABOVE 11630 IN SHORT-TERM
-BUT GOING BY THE SETUP I SEE HEAVY RANGE-BOUND MOVEMENT FROM 11380-11570
-ON THE OTHER SIDE IF 11382 IS BROKEN ON THE DOWNSIDE I EXPECT DASH TOWARDS 11325
-WAIT ON WATCH APPROACH IN NIFTY INDEX
-TRADING OPPURTUNITY WILL SURFACE SOONER OR LATER

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

SCREENSHOT



!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!HAPPY TRADING!!
!!PLEASE LEAVE LIKE!!
!!FEEL FREE TO CLEAR DOUBT IN THE COMMENT SECTION!!