NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

INDEX SUMMARY

-SGX NIFTY IS INDICATING A NEGATIVE START OF 40 POINTS
-SENTIMENT IS WEAK FOR THE MARKETS
-INDEX TOOK A DEEP DIVE ON FRIDAY BUT TOOK SUPPORT AT 20-EMA
-IF INDEX STARTS TO TRADE BELOW 20-EMA IT WILL NOT BE GOOD FOR THE MARKET
-ON HOURLY CHART IT MANAGED TO COME BACK TO ITS TRENDLINE AFTER A BREAK
-BUT IT WILL BE BROKEN IN THE OPEN IT REMAINS TO BE SEEN IF IT MOVES ABOVE AGAIN
-ON FRIDAY INDEX TRAPPED LONGS AFTER A FALSE BREAKOUT
-SO I EXPECT FRESH BUYING ABOVE 11600 ONLY
-ON THE BREAK OF 11440 MARKET CAN DASH TO 11380-11353-11325
-NOW LOT OF YOU ARE ASKING WHAT IS A DASH?
-PLEASE UNDERSTAND ALGO TRADES AND ALGO LEVELS MATTER FRIDAY IS A EXAMPLE
-WAIT AND WATCH APPROACH IN THE INDEX
-ITS THE LAST WEEK OF THIS TRADING MONTH

RESISTANCE FOR THE DAY (FUT)
11555-11585-11631
SUPPORT FOR THE DAY (FUT)
11325-11355-11425

SCREENSHOT



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