Sgxnifty
Analysis For Next WeekAnalysis For Next Week
SGX Nifty is Consolidating From Today's Evening Session
If SGX Nifty Is Breaks @17340 {And} @17430 Then It Will Move Higher If SGX Nifty Breaks @17200 Then It Will Free Fall Upto @16800 Then You Blindly Do Short Sell With Small STOPLOSS
Don't Buy Call Options Sell Call Options And Buy Put Options
SGX Immediate Resistance @17380 And @17430 If SGX Nifty Breaks @17430 Then It Will Upto @17646
SGX Nifty Immediate Support @17290 If SGX Nifty Breaks @17200 Then It Will Fall Upto @16800
If SGX Nifty Breaks Major Support @17200 Then It Will Fall Upto @16800
• DISCLAIMER :-
• Iam Not A SEBI Registered Analyst
• If You Take Any Position Consultant Your Financial Advisor
sgx nifty main crucial point why not a huge fall nifty .
you are(people) know about something 18000-16650
doubtfully now snd 3 main snd1
but repo rate will caused the market us fed (free fall, (RBI main fall small)
india repo rate its only small fall expecting, Its shown maximum fall support and suppy and demand,,,,,,,,,,,,,,,
after few months ago post
post trademindsetup by vinothjackify
SGX Nifty Chart Analysis 13/09/2022SGX Nifty made high of 18142.5 & then it formed a pattern called as "Bearish Engulfing.
SGX Nifty was forming higher highs with negative divergence. It formed Top 1, Top 2 , Top 3 & Top 4 with lower volumes.
Whenever any stocks or indices made higher highs with dry volume i.e. Negative divergence wait for chart pattern to form because it means that particular stock or indices will fall , no one can tell the timing but we have to follow the chart pattern to make our trade.
Good Luck
SGX Nifty Analysis Understanding the structure of the market and analysing the trade entries for Swing trade
Bearish View
1. Price is absolutely around 50% of Fib which is a reversal zone.
2. In Price action pattern we can see a double Top. Good reversal pattern to be considered
3. Pitchfork Median Line is being rejected.
4. If the Trend line that is being respected since the reversal is broken then we can say we are strongly bearish once again (Red Line drawn)
Only thing that concerns for bearish move is Volume.We can see a low volume bearish candle which can be considered as No Supply as per volume analysis,
though it doesnt have any lower wick rejection which would have confirmed no suppl bar.
Bullish View
1. After a Breakout of 16825, wait for a retrace back and take the position would be ideal. Bullish possibilities are marked in Green. follow the structure
Note : Analysis doesnt mean Financial Advise and should not be taken as one.
Range Bound View On SGX NIFTY SGX NIFTY Will Moves Within The Range Of @16140-@16010
So You Don't Take Positions For Two Days Because US CPI Inflation Data Need To Come Today At Evening So Don't Take Positions.
If SGX NIFTY Breaks @16250-16300 Then It Will Turn Bullish Trend.
Disclaimer:-
Please Keep Your Positions Little Because Volatility Is Very High So Please Avoid Trades in This Volatility Market. Hope You Understand My Opinion. This is for educational purpose only. If You Are Taking Any Position Consult Your Financial Advisor. Thank You
Bearish On SGX NIFTY If SGX NIFTY Breaks 16120 It Will Fall Upto @16010-15970.
First Support @16010 Then Second Support is at @15967 Because In Past Days it is act like a strong Support @15967.
Resistance is at @16240-16300 60Points Zone is more Important Because in Previous Days It act Like A Huge Resistance.....!
Disclaimer:-
Please Keep Your Positions Little Because Volatility Is Very High So Please Avoid Trades in This Volatility Market. Hope You Understand My Opinion. This is for educational purpose only. If You Are Taking Any Position Consult Your Financial Advisor. Thank You