Good morning Friends,
Yesterday it opened higher and then gave up from higher levels. Well, that is not important. What is happening now is more important. US market slipped over 300 points but SGX Nifty has denied everything and looking for some higher opening.
That's jittery.
Above is hourly chart. It is showing the formation of double top and double bottom so far. The range between 17440 to 17260 may remain indecisive to trade.
What's technical charts are saying for the day?
It was looking for down till yesterday's close. We should have seen levels of 17330-17300 at least but I am not able to figure out after gap up. It should not go beyond 17430 levels.
My view remains same. Resistance @ 17430-17440 and then a slip from high.
If able condition does not full fill then I will not trade.
Happy Trading
