SGX NIFTY 16800 POSSIBILIY WITH S/R ZONES

NIFTY1! SGXNIFTY can start downfall till 16800 if current support zone breaks, there is chance it can go upside to retest fresh / important res wich was previously strong support and then fall back to 16800.

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sgx is failing to cross resistance area, very likely to brake support and start the fall till 16800 level.

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as expected sgx failed to cross resistance and broke strong support very easily, now we can expect 16800 level easily

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as expected sgx bounced from the bounce back zone, should try to retest strong support zone .

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update, sgx retested previously strong support zone twice with strong bullish momentum, if it breaks and sustains above the zone then 17200/17500 can be soon in coming days

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sgx managed to break previous support and almost retested the previous resistance zone again, now we can expect fall further till 16750 being first target once sgx drops below 17000 again and gives closing below it tonight, then we can be sure of 16750 target anf beyond that 16500/16400 level can be achieved.