Good Morning Friends,
It was a perfect fall and then a perfect rebound on Friday. Rebound was a sign that bulls are still willing to buy at lower levels Now market may have an effect of global cues in opening hours and makes it unsuitable to trade.
As SGX is reflecting, we can expect open around 15600 which is a big wash out of Friday's recovery. I do not suggest to trade immediately. My plan is to buy at low in fall but first I have to see the magnitude of fall and a possible sign of recovery like we got on Friday.
Few supports in mind are 15560 > 15000 > 15460.
It should not go below 15460 in hurry.
Be careful on above levels.
Happing Trading,
Praveen Kumar
