NIFTY TRADE SETUP

-SGX NIFTY IS SHOWING A MINOR UPTICK
-ON DAILY CHART NIFTY SLIGHTLY CROSSES ABOVE THE RISING WEDGE PATTERN
-LIKE DISCUSSED BEFORE THAT NIFTY IS SEEING A EXHAUSTION AND IS LOOKING TO CONSOLIDATE
-200 SMA IS PLACED AT 10887 WILL BE THE MARKET TEST AND BREAK THAT IS A DIFFERENT QUESITON ONE THAT WE WILL NEED TO ANSWER SOON
-FRESH TREND TO START ABOVE THE CONSOLIDATION AREA OF 10744-10800
-CRUCIAL SUPPORT IS PLACED AT 10660
-INTRADAY SUPPORT IS PLACEDA AT 10750
-20 EMA SUPPORT IS AT 10720(30-MIN CHART)
-"WAIT AND WATCH APPORACH"


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!!