SGX Nifty at a critical level

  • There is a global sell-off. All the markets are down, be it SPX, FTSE, DAX, etc. SGX Nifty is also tanking heavily.
  • SGX Nifty may reverse or at least show some bounce from this Green box or from the next support level.
  • The RSI is in oversold territory and there is a divergence on 4hr.
  • I think this is a shakeout move before moving back up.
  • Take positions only if you understand what you are doing, else you are going to wind up with heavy losses.


Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

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