NIFTY TRADE SETUP

-SGX NIFTY IS WAS INDICATING A 30 POINT DOWNTICK
-NOW FOR TWO CONSECUTIVE DAYS WE HAVE SEEN SELL ON RISE MARKET
-YESTERDAY SELLING WAS BRUTAL
-INDEX AGAIN TOOK SUPPORT AT 200-EMA(30-MIN CHART)
-10550-10575 IS ACTING AS A STRONG SUPPORT ZONE AND IT WILL BE TESTED TODAY
-BREAK BELOW NIFTY CAN FALL TO 10480-10440
-IT WILL BE A GOOD AREA TO ENTER LONGS INTO THE MARKET
-REMEMBER IN AN UPTREND IT WILL BE A FIRST MEANINGFUL CORRECT
-CRUCIAL SUPPORT PLACED AT 10550
-CRUCIAL RESISTANCE 10830


NIFTY RESISTANCE FOR THE DAY
10720-10750-10830
NIFTY SUPPORT FOR THE DAY
10570-10550-10510


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