SGX taking support from 100 DMA and a bottom of an upward channel. US markets closed in green.

IN1! SGX up by 150pts: Bullish
NIFTY1! Futures at 100 DMA: Wait and Watch
NIFTY Spot NIfty below 100 DMA: Bearish

Overall verdict: Wait and watch

Monday possible Gap up. Probably will test 18k level on spot.
Moving Averagesnifty50niftyanalysisTrend Analysis

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