NIFTY TRADE SETUP

-SGX NIFTY IS SHOWING A MINOR UPTICK
-YESTERDAY NIFTY FOR THE FIRST TIME SHOWED SIGNS OF EXHAUSTION ON THE UPSIDCE
-WE ARE BACK INSIDE THE RISING WEDGE PATTERN
-BUT STILL WHAT WE HAVE ON NIFT IS A RANGEBOUND MOVEMENT FROM 10690-10830
-YESTERADY WE TESTED THE LOWER BOUND WENT BELOW AND CAME BACK
-THIS PRICE ACTION IS VISIBLE ON 30-MIN CHART
-LIKE DISCUSSED BEFORE THAT NIFTY IS SEEING A EXHAUSTION AND IS LOOKING TO CONSOLIDATE
-INDEX WILL RALLY ABOVE ITS 200-SMA ONLY
-FRESH TREND TO START ABOVE THE CONSOLIDATION AREA OF 10690-10830
-CRUCIAL SUPPORT IS PLACED AT 10660 WHICH HAS PROVIDED SUPPORT
-INTRADAY SUPPORT IS PLACED AT 10690
-"AVOID POSITIONAL TRADE"
-WAIT FOR THE RANGE TO BREAK

NIFTY RESISTANCE FOR THE DAY
10745-10810-10887-10950
NIFTY SUPPORT FOR THE DAY
10750-10720-10660-10630

!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!