johntradingwick

SGX Nifty at a critical level

SGX:IN1!   SGX NIFTY 50 INDEX FUTURES
  • 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.

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView

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