NIFTY FUTURES HAS ALREADY RALLIED 348 POINTS IN THE LAST TWO TRADING SESSIONS.
TODAY THERE WOULD BE EXPECTATIONS FROM ALL TRADERS THAT WE MIGHT SEE A GAP UP SINCE AMERICAN MARKETS HAVE GIVEN A SHARP UP RISE.
50 DMA IS PLACED AT 4244. THAT WILL ACT AS A MAJOR SUPPORT IF THE MARKET TRADES ABOVE THAT.
BUT WHAT IS NIFTY FUTURES OPENS WITH A GAP OF 50 POINTS?????
IF NIFTY FUTURES GAP'S UP 50 POINTS THEN IT WOULD OPEN AT 4287 - 4290.
THE MAJOR RESISTANCE IS AT 4293.90
SO TAKE CARE BECAUSE ANY FURTHER UP TREND TO INITIATE WILL INITIATE ABOVE 4293.90 ONLY
IF NIFTY FUTURES OPENS ABOVE 4293.90 THEN THE SAME REGION OF 4293.90 WILL ACT AS A STRONG SUPPORT & BULLS WILL REMAIN ACTIVE ABOVE 4293.90 & THEN A FURTHER RALLY UP TO 4303 & 4337 IS EXPECTED.
IF NIFTY FUTURES GIVES A OPENING ABOVE THE LAST TARGET OF 4337, THEN IT WILL HAVE TO SUSTAIN ABOVE THE LAST TARGET OF 4337 AND THEREFORE THE PREVIOUS TARGETS OF 4303 - 4293.90 WILL ACT AS GOOD SUPPORTS AND THE RESISTANCES ABOVE THE LAST TARGET OF 4337 WOULD BE 4358 & 4380.
IN CASE NIFTY FUT OPENS ABOVE THE LAST TARGET OF 4337 THEN IT SHOULD NOT BREACH THE 4337 MARK OR ELSE IT WILL REVERSE ITS TREND DOWNWARDS TO HIT THE 4303 - 4293.90 ZONE.
IF NIFTY FUTURES GAP'S UP 50 POINTS THEN IT WOULD OPEN AT 4287 - 4290.
THE MAJOR RESISTANCE IS AT 4293.90
SO TAKE CARE BECAUSE ANY FURTHER UP TREND TO INITIATE WILL INITIATE ABOVE 4293.90 ONLY
IF NIFTY FUTURES OPENS ABOVE 4293.90 THEN THE SAME REGION OF 4293.90 WILL ACT AS A STRONG SUPPORT & BULLS WILL REMAIN ACTIVE ABOVE 4293.90 & THEN A FURTHER RALLY UP TO 4303 & 4337 IS EXPECTED.
IF NIFTY FUTURES GIVES A OPENING ABOVE THE LAST TARGET OF 4337, THEN IT WILL HAVE TO SUSTAIN ABOVE THE LAST TARGET OF 4337 AND THEREFORE THE PREVIOUS TARGETS OF 4303 - 4293.90 WILL ACT AS GOOD SUPPORTS AND THE RESISTANCES ABOVE THE LAST TARGET OF 4337 WOULD BE 4358 & 4380.
IN CASE NIFTY FUT OPENS ABOVE THE LAST TARGET OF 4337 THEN IT SHOULD NOT BREACH THE 4337 MARK OR ELSE IT WILL REVERSE ITS TREND DOWNWARDS TO HIT THE 4303 - 4293.90 ZONE.
ALL THE ABOVE MENTIONED TREND WOULD HAPPEN ONLY IF "NIFTY FUTURES OPENS IN A GAP UP"
IF NIFTY FUTURES DOES NOT OPEN IN A GAP UP THEN STICK TO THE REGULAR "DAILY INTRADAY TREND REPORT" THAT IS GIVEN IN EARLY POST.
IF NO GAP UP IS SEEN THEN THE 50 DMA OF 4244 WILL ACT AS A TREND DECIDER.
HAVE A NICE TRADING SESSION TODAY.
IF NIFTY FUTURES DOES NOT OPEN IN A GAP UP THEN STICK TO THE REGULAR "DAILY INTRADAY TREND REPORT" THAT IS GIVEN IN EARLY POST.
IF NO GAP UP IS SEEN THEN THE 50 DMA OF 4244 WILL ACT AS A TREND DECIDER.
HAVE A NICE TRADING SESSION TODAY.
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