NIFTY TRADE STEUP

29 jun 2020

-SGX NIFTY IS SHOWING A NEGATIVE START OF AROUND 80 POINTS
-NOW 10200 BECOMES A CRUCIAL SUPPORT
-INDEX HAS STARTED TO TRADE IN A RANGE OF 10210-10350 RANGE
-RANGE WAS BROKEN IN INTRADAY ON THE UPSIDE
-VISIBLE IN A 30-MIN CHART
-"BUY ON DIPS" MARKET FOR ME WILL BE COLLECTIING LONGS IN MY JULY OPTIONS
-"MY STOPLOSS IS BELOW "10030"
-INDEX CAN GO SIDE WAYS OR BREAK THE RANGEBOUND MOVEMENT AND MOVE HIGHER
-TODAY WE HAVE A POSSIBILITY TO TEST THE LOWER BOUND OF THE TRADING RANGE
-A BREAK ABOVE 10388 WILL ALLOW US TO SEE 10440-10514
-PLEASE NOTE THAT THE TOP 10 WEIGHTED STOCKS IN NIFTY ARE SETTING UP ON THE LONG SIDE
-I FIRMLY BELIEVE THAT AFTER THE MORNING SLIDE WE WOULD SEE SOME STABLALIZATION IN THE 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!!

YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES

READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX

YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES