Markets were choppy on friday after a strong up move on thursday. The undercurrent looks very much bullish, but then looking at SGX, it certainly is not going to be a healthy start for the day.
As mentioned before, below 4507, this will bring in the bearish tone and any break of 4444 at this stage will be extremely bearish.
May be the market is in no mood to go on a trend either side and can remain rangebound between 4444 and 4630 levels for a week or so before taking the next step.
It looks like a wait and watch kind of market as of now.
Resistance levels : 4597, 4630, 4672
Support levels : 4560, 4537, 4507, 4485
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