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NIFTY INDEX: STRUCTURE STILL NEGATIVE…

Good Morning Friends,
INTRADAY FREE TIPS
Yesterday we said Piercing Line pattern have positive implication above its upper wick and if got we will use to initiate 4th recommendation. We projected to watch first range of 5038-5125 to initiate position. Yesterday we witnessed after making high of 5119.95 (almost close to 5125) it fallen up to low of 4883.60 (exactly in our support area 4887-4883 in yesterdays report). Environment was not in favor of long position…

EOD CHARTS STILL LOOKING NEGATIVE STRUCTURE WISE. BUT EXPECTING LESS SCOPE NOW FOR SHORT POSITION. BETTER STRATEGY WILL PROVE GOING LONG AS BIAS CHANGES UP SIDE. SO WE WOULD LIKE TO EXAMINE 15-30 MIN. CHART FOR FINE ENTRY. OUR STRATEGY WILL RELATE WITH FOLLOWING LEVELS…

For today Technically watch initial range of 4943-5000…

Below 4943 expect immediate support at 4938 If it get broken then we expect market have get support in area before 4881. IF 4880 GET BROKEN WITH NEGATIVE FOLLOW UP IT MEANS WE HAVE TO GIVE MORE ATTENTION ON OUR COUNT. MAY BE NEED TO DO SOME CHANGE AND MIGHT BE RECHECK OUR COUNT OF LARGER DEGREE WITH ANY OTHER POSSIBILITY IS UNFOLDING…

Above 5000 it will go in Positive zone and can expect resistance at 5050-5070-5120…