Beware of fake BB blast
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Daily (SGX NIFTY) Bollinger Band is rooted at its median. So not expecting any big trends.
Since shorter time frames on sgx nifty show a brief upward movement might feint a Bollinger Band Blast/Breakout by the time Indian markets open.
Yesterday's Oi as well post indian market movement on sgx nifty futures show a decent support around 14850.
Hence expecting sideways market overall. Though intraday as always would still experience its usual highs and lows.
Since shorter time frames on sgx nifty show a brief upward movement might feint a Bollinger Band Blast/Breakout by the time Indian markets open.
Yesterday's Oi as well post indian market movement on sgx nifty futures show a decent support around 14850.
Hence expecting sideways market overall. Though intraday as always would still experience its usual highs and lows.
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100 and lower period moving averages might show a bullish signal but the strength is starting to wane down. Have a tight trailing Stop loss.
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