-SGX NIFTY INDICATING A 35 POINT GAP-DOWNN -ON DAILY CHART INDEX HAS STARTED TO TRADE BELOW ITS 20-EMA -WHICH IS NOT GIVING GOOD SIGNS -HAD MENTIONED BEFORE WE HAVE A DEMAND ZONE BETWEEN 11625-11580 -WE BOUNCED BACK HARD FROM THOSE LEVELS -NOW SINCE SWING PATTERNS ARE INDICATING A NEGATIVE FLOW EXPECTATION -CRUCIAL SUPPORT KICKS IN @11580 -CRUCIAL RESISTANCE @11762 -FOR MARKET TO TREND HIGHER INDEX NEEDS TO CROSS ABOVE 11715 AND TEST 11762 AND -CORRECT AGAIN AND BREAK 11815 -INDEX ALSO HAS 200-SMA SUPPORT @11618 -DASH TRADE AVAILABLE -WAIT AND WATCH APPROACH
NIFTY FUTURES DASH TRADE
IF INDEX MOVES ABOVE 11715 BUY@11716 STOP@11670 TARGET@11760 QTY=300
IF INDEX MOVES BELOW 11600 SHORT@11595 STOP@11625 TARGET@11558 QTY=300
RESISTANCE FOR THE DAY (FUT) 11775-11715-11675 SUPPORT FOR THE DAY (FUT) 11665-11625-11585
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!!