An energetic morning for bears as SGXNifty is trading ~1% down. The lower high- lower low formation is a sign of bearish setup. The break below rising trendline (red line) and lower horizontal line (golden line) would trigger the test of support line of falling channel (black parallel lines) at 8,430.
Trade closed: target reached:
Expected level of 8,430 (Low-8,433) done.