DOW after US CHINA trade war made new 52 week high but failed to break its key resistance levels on closing basis , Maintaining support. Strong sellers can push ahead of support levels
USDINR maintaing strong support and ahead of resistance levels which can push rupee more down and dollar up .
SGX Nifty showing downtrend signal from 10.27(Singapore time)
Based on the view of USDINR and DOW early support levels (Fall) are expected. NIFTY is having very strong support at 11840 and resistance at 12150. Breaking resistance level is big uptrend following support. Breaking the level below 12020 is confirmation of downtrend signal
Asian market showing red signal Nikkei 225 index was 25.5 points lower or 0.11 percent to 23,997, at around 11:12 AM Japan time, after standing at a low of 23,950 earlier. Also, Hong Kong's Hang Seng index fell 29.4 points or 0.11 percent to 27,658, at around 10:19 AM Hong Kong time, after hitting a low of 27,473 earlier. Shanghai composite dropped 3.4 points or 0.12 percent to 2,964, at around 10:21 AM China time, after reaching a low of 2,961 before. Meanwhile, South Korea's KOSPI was flat at 2,170, at around 11:13 AM Korea time, after reaching a low of 2,166 before