-SGX NIFTY IS WAS INDICATING A 70 POINT GAP-UP AND REVERSED INTO NEGATIVE -REASON THE DOWN AND S&P 500 GAVE UP ITS HUGE GAINS -NIFTY IS WITNESS EXHAUSTION ON THE UPSIDE -TODAY WE CAN AGAIN TRADE WITHIN THE RANGE OF 10690-10830 -WITH NEGATIVE BIAS -CRUCIAL SUPPORT IS PLACED AT 10690-10660 -CRUCIAL RESISTANCE IS PLACED AT 10850 WHICH WAS ALSO NOT BROKEN YESTERDAY -"PLEASE NOTE" NIFTY IS TRADING INSIDE THE BAR OF 8TH JUL FOR TWO CONSECUTIVE DAY -YESTERDAY WE BROKE ABOVE IT AND TESTED OUR 200-DMA BUT COULD NOT HOLD ONTO THE GAINS -THERE WAS A REJECTION ON THE LEVELS OF 200-DMA -"WAIT AND WATCH" APPROACH FOR NIFTY
NIFTY RESISTANCE FOR THE DAY 10810-10887-10950 NIFTY SUPPORT FOR THE DAY 10750-10720-10660
!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!!
Thanks fro your excellent chart.
Now nifty trying to break 10720 Support. Its a tough support it seems.