SGX Nifty gives FPIs an advance chance to take positions before Indian market opens up.
Contrary to popular belief, it is very much liquid and since SGX sessions last more than Indian market, it is darling of FPIs.
On one hour candle, SGX Nifty can be seen drifting towards Support and if this is breached decisively, we might see a bigger move.
On the upside, the resistance is seen at 16357 level and as and when it is breached, a further push might come to take it to greater heights.
If neither of these 2 scenarios happen, it will be dancing between 02 lines and eating premium of option buyers. In that case, Option Sellers might sell options out of this range.
Happy Trading.
Contrary to popular belief, it is very much liquid and since SGX sessions last more than Indian market, it is darling of FPIs.
On one hour candle, SGX Nifty can be seen drifting towards Support and if this is breached decisively, we might see a bigger move.
On the upside, the resistance is seen at 16357 level and as and when it is breached, a further push might come to take it to greater heights.
If neither of these 2 scenarios happen, it will be dancing between 02 lines and eating premium of option buyers. In that case, Option Sellers might sell options out of this range.
Happy Trading.
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Our Telegram Channel: @CheetaTrader
join to complete FREE TRAINING on how to use the indicators effectively and then request @jellygill for FREE TRIAL