SGX NIFTY support of 14441 critical for bounce or for breakdown
Support of last swing bottom 14441 is visible.
The same is being tested.
Low till now 14507.
On further fall and close below 14441
expect slide towards .
resistance currently will be at 14741-15058.
If SGX Nifty closes above the violated will mean automatically crossing the yellow .
no.1 yellow violated.
once violated on close then expect
no.3 and no.4
range for profit booking in case of sell position will be no.3 and no4 range.
reversal of the current trend will be closing above no.1 with candle.
If breakdown is seen then view comes into contention whenever opportunity arises.
now trend line no.1 is crossed or not is to be seen.