Day's Game Plan

The Day's Game Plan

What happened?

# Struggled to cross 6078 took price to previous balanced zone 6035/29.
# Wild Swing bringing price back to 6078 from 6035/29 Bzone.
# Closed @ 6077 near strong ref level 6078.
# Range Extension Downside.
# Selling without conviction.
# Value Migration Lower


What Likely?

# Most of the Day's move could over in first few hours.
# Price might stay in Initial Range Most of the day.
# 6078 Confluence zone likely to resist price, above that shorts scream to cover.
# 6100 level many proposals waiting could visit there anytime.

Key Reference Levels :

6078/6066 #VP

6078/6065 #CVN

Pre Open Take :

Enter Shorts near 6074 sl  6080  look for 6058/48 to cover the same.

Note: Open trades are trades which need to be taken if price opens near the level mentioned above. If price Opens way above/below give some time for price to show some clue then trade the same if it proves.

For Live takes on Index Follow me @ www.twitter.com/niftywizard .

Happy trading !!

Regards

Jay