Sgxniftyanalysis
SGX prediction based on support resistence levelsSGX:IN1! sgxnifty has formed a nice parallel channel going upwards, after breaking the daily trendline we can expect a sideways pause and then more upside till 18000 level above 17750 closing,
current fresh support zones are 17592/17569 and 17499/17480.
if we gwt a parallel channel break on down side then we might retest 17500,17480 support zones before starting upside journey again.
SGX READY FOR 15750 RANGE , MEGA CORRECTION AHEAD ON DAILY TF !!SGX:IN1! sgxnifty is all set for huge correction as it has formed strong resistance at the levels of 17256/17181 and is very much likely to break the current dailt time support of 16812/16647, once it breaks that support then we can see serieas of new lower lows and new lower highs on daily time frame till we reach 15750 range.
keep monitoring sgx movement as it moves towards/between on target 1,2 & 3 levels .
SGXNifty Confirm Support and Resistance One Hour Chart Analysis
Support Zones For SGX NIFTY Trading
First Support For SGX NIFTY – 18685
Second Support For SGX NIFTY – 18579
Third Support For SGX NIFTY – 18495
Resistance Zones For SGX NIFTY Trading
First Resistance For SGX NIFTY – 18827
Second Resistance For SGX NIFTY – 18931
Third Resistance For SGX NIFTY – 19033