SGX NIFTY

SGX NIFTY

Hourly Chart

Testing back the purple horizontal line.

SGX NIFTY has reacted from overbought on RSI and further negative divergence
from the recent peak of 18314.

Reacted back down to the resitance breakout it did earlier.

Further deeper correction is below 17981.

RSI on hourly chart almost did an oversold.


Falling trend line is the resistance now.

Trading lower top is at 18159.

Upside momentum can resume again if sustains above 18159.