NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

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



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