SGX:IN1! sgx move prediction for this week based on important s/r zones, sgx is very bearish on majot timeframes (monthly+quarterly), should start downfall as soon as breaks 16700 level and gives closing below it on daily time frame.
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! 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.
