Hi, 1. Descending Triangle Formation with Head and Shoulder Formation. 2. Sell Below 9230 Target: 9219, 9205 SL:9243
in the last trading session SGX NIFTY fell around 5% due to global sentiment as US-CHINA trade war reemerged. DOW also fell around 3% in last 2 trading session. in last trading session SGX NIFTY closed near the trend line support and also near the 23% Fibo number making it week for bulls. 10150 is acting as a good resistance and 8850 is a good support. if it break...
just go for a buy around 9100 points or u may average ur position, it may gonna up a new high after a small retracement in May beginning.
If nifty 50 respects SGX NIFTY. Then Monday can be a fall of more then 500 points. Can BUY PUT OPTIONS OF nifty 9200 may.
Sgx Nifty Respecting the Fib Retracements levels . Nifty Exactly showing down trend after it touches 50% level as per the Fib Retracement.
Here SGX nifty chart is taken into consideration. Price in Nifty is contracting with a rising wedge pattern. With declining volumes there is a possibility that Nifty will find ot very difficult to cross 10,000 and will crash from there. watch for another 10 -12 trading sessions for change in Nifty strategy.
SGX broke the 1 Hr trend line and heading towards the re-test
Chances to back again 6800 may be see, bearish below 9550, if broken than we can see 10,000
Please correct me if I am wrong ..as there was trading holidays less volatility FII buying Short Covering Does the current upmove is backed by volumes What's your thoughts?
SGX NIFTY WAITING TO FALL
? 8323 target then, price will not break or close 8622. Incase of break & close above 8612, then channel will not continue. Daily chart: During the falling wave, 3 times reduction in price has been seen. While using the retracement, 32.2% retraced is at 9249. Price rotatio range is betw een 8838 and 8188.