Sgxniftychartanalysis
SGX prediction based on support resistence levelsSGX:IN1! SGXNIFTY has started trading below previous support and has been bouncing back from current support and failed to break previous support which is acting as resistance now, if sgx manages to break current support too, then 17900 zone will be next support/buy zone for sgx.
if current resistance ( previous support) is breached and sgx manages to move up again , then we will have to wait and analys next move after price actioon is made.
sgx downside prediction for coming weekSGX:IN1! #SGX NIFTY has important week coming for the future of new all time high and a pull back scenario, ig sgx namages to break the current sell zone then only we can keep hopes for new all time high levels or at least a rally till previous high levels.
if we do get aa pll back then first fresh support should be anice and safe target for thee correction and below that the next support zone is going to be major facto for next moves ahead in coming next 2 months.
SGX PREDICTION BASED ON DAILY TRENDLINESGX:IN1! SGXNIFTY is back to the crucial trendline of daily timeframe which gave us massive falls multiple times in past,
sgx is at weekly/daily/hourly resistance zone and showing rejection from resistance zone currently, if sgx breaks current support of 17499/17480 and sustains below 17740, then we can retest the 17300 levels again.
the yellow zone can hold the sgx for a while and may help it to bounce back a little, if we break the yellow support zone , we will see the next target zone getting achieved soon after breaking of support zone.
FOR UPSIDE/TRENDLINE BREAK SITUATION
we must wait for sgx to break resistance and turn the resistance into strong support, then only we can be sure about more upside ahead. current resistance is 17558/17571.
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 BREAKS DAILT TRENDLINE, NEXT POSSIBE TARGETSSGX:IN1! SGXNIFTY breaks the trendline of daily timeframe with little to nothing struggle,
can retest the trendline on new support zones formed before moving towards next targets on upside .
be carefull for possible fake breakput scenario which can push marjet dow again , which is unlikey to happen but still manage your risks while following sgx upside move. SGX:IN1!
SGX prediction based on support resistence levels on daily/houreSGX:IN1! sgxnifty is approaching crucial trendline of daily timeframe with 2 resistance zones present at/near the trendline,
first resistanse zone is 17500/17057 and the next immediate resistance zone is 17632/17713 which is inline with trendline and can trigger the next corrective fall if respected by sgx.
fresh strong support zone is formed at the levels of 17326/17256.
if the trendline and resistance zone of 17713 is broken, next immidiate can be 18000 level after trendline retest or retest from current resistance of 17500/17057.
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 .
SGX nifty Trend Analysis For Nifty Prediction SGX nifty Chart Analysis on 02 Feb 2023 For Next Week
SGX nifty is Future Contract Of Nifty50 , Traded in Singapoor Stockexchange
SGX nifty Almost open for 16 Hrs Day , It will Helpfull to predict any Big Movements before Nifty open in Morning
See Below Major Supports and Resistance for SGX nifty
Support 1 - 17568
Support 2 - 17357
Support 3 - 17238
Resistance 1 - 17880
Resistance 2 - 18050
Resistance 3 - 18183
Major Support Zone for SGXnifty - 17238 - 17356
First Major Resistance Zone for SGXnifty - 17892 - 17877
Second Major Resistance Zone for SGXnifty - 18347 - 17270
For Daily Confirm Targets
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