NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

-SGX NIFTY IS INDICATING A POSITIVE START
-YESTERDAY I BELIEVE WAS A SHAKE-OUT DAY
-MARKET WAS CLUELESS ABOUT THE NEW MARGIN RULE
-INDIA VIX STARTED RISING AGAIN AND IS ABOVE 22
-THOSE WHO DON'T KNOW WHEN MARKET FALLS VIX RISES AND VICE VERSA
-VIX REBOUNDED FROM SUPPORT INDICATING THERE MIGHT BE FURTHER VOLATILITY AHEAD
-BUT AS TECHNICAIL ANALYST MY JOB IS TO SEARCH LEVEL AND IDENTIFY TREND
-DO I SEE REVERSAL IN TREND?
-ANSWER IS "NO"
-SUCH CORRECTIONS ARE HEALTHY FOR THE MARKET
-YESTERDAY I HAD MENTIONED THERE IS RESISTANCE AT 11775-11785 AND THE MAREKT REVERSED
-TODAY RANGE EXPECTED CAN BE FROM 11240-11555
-LETS GET BACK TO LEVELS
-CRUCIAL SUPPORT FOR THE INDEX IS PLACED AT 11230-11282
-CRUCIAL RESISTANCE FOR THE INDEX IS PLACED AT 11520-11555

RESISTANCE FOR THE DAY (FUT)
11455-11525-11555
SUPPORT FOR THE DAY (FUT)
11320-11280-11230