SGX NIFTY
on 4 hour chart
SGX NIFTY is oversold zone on RSI and Stochastics.
It has also tested the earlier breakout point of 14663.
Today market lows violated tomorrow then downslide continues.
Earlier we had shown the retracement of the rise from 13588 to 15443.
SGX does have the gaps. But the big jump reversal seen earlier from 14065
could be tested if sustains below low of 22/02/21 market on 23/02/21.
Pull back if any can climb back to 15034-15247.
The same can be supply zone till new peak is not made.
on 4 hour chart
SGX NIFTY is oversold zone on RSI and Stochastics.
It has also tested the earlier breakout point of 14663.
Today market lows violated tomorrow then downslide continues.
Earlier we had shown the retracement of the rise from 13588 to 15443.
SGX does have the gaps. But the big jump reversal seen earlier from 14065
could be tested if sustains below low of 22/02/21 market on 23/02/21.
Pull back if any can climb back to 15034-15247.
The same can be supply zone till new peak is not made.