NIFTY TRADE STEUP

30 Haz 2020

-SGX NIFTY IS SHOWING A GAP UP OF 60+ POINTS
-TODAY MARKET CAN SET THE TONE ON THE UPSIDE IF THE INITIAL GAP-UP HOLDS ON THE INDEX
-I AM CONSTANTLY POSTING A " BUY ON DIPS" RECOMMENDATION
-YESTERDAY NIFTY CREATE A RANGE INSIDE A RANGING MARKET
-YES THAT SOUNDS ODD BUT THATS TRUE
-THE BIGGER RANGE IS FROM 10200-10388
-THAT NIFTY WILL TRY TO TEST THE UPPER BOUND TODAY
-CRUCIAL HURDLES EXPECTED AT 10366-10388
-CRUCIAL SUPPORT AT 10275-10225
-INDEX NEEDS TO CONCQUER(CLOSE) 10388 ON 30 MINS CHART TO START A FRESH RALLY TOWARDS 10440-10510
-MARKET IS FACTORING NEGATIVES AND FORMING A BASIC TO RALLY
-YESTERDAY THERE WAS A HUGE DISCOUNT AND THE MARKET FACTORED THAT AND WE SAW SHORT COVERING
-STILL "BUY ON DIPS" MARKET

NIFTY RESISTANCE FOR THE DAY
10275-10350-10390
NIFTY SUPPORT FOR THE DAY
10225-10160-10070

!!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