SGX Nifty 10888 and 10708 are major supports if it goes that far
Yesterday's low of SGX nifty is on a import point on a supporting resistance line.
11100 should hold if this uptrend has continue, looking at the strong momentum we are in for past few months, possibility of this can not be ruled out.
Y'day's fall has come after long consolidation in a narrow range, generally the correction after such phases last longer than 1-2 days and 100-200 points.
Would advise taking "puts spread positions) or hedged nifty short strategies once 11100 is taken decisively.
Any queries w.r.t. nifty short strategies can be asked using direct message or <i2gain>.
11100 should hold if this uptrend has continue, looking at the strong momentum we are in for past few months, possibility of this can not be ruled out.
Y'day's fall has come after long consolidation in a narrow range, generally the correction after such phases last longer than 1-2 days and 100-200 points.
Would advise taking "puts spread positions) or hedged nifty short strategies once 11100 is taken decisively.
Any queries w.r.t. nifty short strategies can be asked using direct message or <i2gain>.