SGX NIFTY Volatility Currently In Range
The horizontal line shown the support and resistance for near term to short term
for sgx nifty.
We have seen earlier resistance offered support and earlier resistance offered resistance.
As a result of these support and resistances marked with purple horizontal line,
sideways and contraction of the range has been witessed.
Next directional movement will be outside the range 17500-16600.
Expect volatility to remain between the same.
The trend confirming lagging indicators need to confirm the upside breakout as
and when it happens.
As of now the trading lower top is 17500 and supply zone is 17279-17500.
for sgx nifty.
We have seen earlier resistance offered support and earlier resistance offered resistance.
As a result of these support and resistances marked with purple horizontal line,
sideways and contraction of the range has been witessed.
Next directional movement will be outside the range 17500-16600.
Expect volatility to remain between the same.
The trend confirming lagging indicators need to confirm the upside breakout as
and when it happens.
As of now the trading lower top is 17500 and supply zone is 17279-17500.