SGX:IN1! sgxnifty is approaching crucial trendline of daily timeframe with 2 resistance zones present at/near the trendline,
first resistanse zone is 17500/17057 and the next immediate resistance zone is 17632/17713 which is inline with trendline and can trigger the next corrective fall if respected by sgx.
fresh strong support zone is formed at the levels of 17326/17256.
if the trendline and resistance zone of 17713 is broken, next immidiate can be 18000 level after trendline retest or retest from current resistance of 17500/17057.
Comment
⋅
#sgx has failed to breach 17500 resistance zone yet today, keep watch for the reaction to the daily trendline area