THIS ANALYSIS IS BASED ON SGX NIFTY, AS IT HAS CLEAR LEVELS.
REVIEW OF YESTERDAY ANALYSIS --------------------------------------------- AS PER THE YESTERDAY'S ANALYSIS, NIFTY TOOK A REVERSAL AT 15316 AND REACHED ABOVE 15411. THEN FROM THERE IT CAME DOWN TO 15333. THEN IT WENT UP TO 15420.
CURRENTLY TRADIND ABOVE THIS LEVEL.
ANALYSIS FOR TODAY 28 MAY 2021 --------------------------------------------- THERE ARE SOME REJECTIONS FOUND AT THE TOP. 15434 IS A MINOR SUPPORT. I HOPE A HEAD AND SHOULDER PATTERN WILL FORM WITH 15434 AS NECK LINE. IF IT BREAKS 15434 ON DOWNSIDE, WE CAN SELL NIFTY FOR A TARGET OF 15411, 15394, 15344.
IF IT GOES UPWARDS, WE CAN BUY FOR AN INVISIBLE TARGET.