SGX NIFTY

Apr 14, 2021

SGX NIFTY

The fall on 12/04/2021 was from 14907 to 14279.

SGX NIFTY does not have the gaps
like we see in NIFTY.

On account of long trading hours for SGX NIFTY gaps are not witnessed.

The recovery shown on 14/04/21
is like a follow up rise to the Harami Black candle.

Reversal can be witnessed above high of 12/04/21 -14908.

Ideally 15058.

Resistance and supply zone will be at 14815-15058.

Objective still could be to exit long and sell on rise to 14815 or above with a stop loss of 15058.

Support is at 14359-14279.

Downside momentum continues below 14279 closing with bearish candle.