SGX NIFTY strong resistance 17200 and support 16847. It has made decending triangle pattern indicates sell on rise so below 16847 I see target 16450. This chart pattern completely weak and bearish trend continuing, US Federal Reserve gonna hike rate, inflation worry and so much negative news driving the markets down. So the fall must come it's again that level where previously it had been made traingle breaking the level again indicative of big fall. Thank you and enjoy intensive trading ideas.