SGX: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...
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...
SGX:IN1! levels for tomorrow based on fresh and previously important support resistance areas,
- please wait for candle close on levels for retest/breaking of the level for next direction.
SGX nifty Updated Support and Resistance
Support Zone 1 - 17357
Support Zone 2 - 17238
Resistance Zone 1 - 17589
Resistance Zone 2 - 17880
Plan Nifty50 Trade Accordingly
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 – ...
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Don't take any long positions, untill we get a better signal
SGX:IN1! is moving through zones and support resistence as expected earlier, if it keeps respecting mentioned support resistence levels which are combined with supply/demand zones, then we can see sgx near 16000 level in coming weeks.
