Market Outlook:
Sharp bounce back by Nifty on Monday but there are important hurdles to ross before Bulls again take control of the market. Any news again related to COVID outbreak in India or any new restrictions along with increase in number of cases can again lead to a sharp fall. However, indicators on Monday are in favor of Nifty going up or staying sideways. Important resistance to cross before bulls take over are 18101 and 18168.
Major Support Levels: 17849, 17782, 17621 and finally 17428.
Major Resistance Levels: 18101, 18168, 18324 and finally 18446.
Sharp bounce back by Nifty on Monday but there are important hurdles to ross before Bulls again take control of the market. Any news again related to COVID outbreak in India or any new restrictions along with increase in number of cases can again lead to a sharp fall. However, indicators on Monday are in favor of Nifty going up or staying sideways. Important resistance to cross before bulls take over are 18101 and 18168.
Major Support Levels: 17849, 17782, 17621 and finally 17428.
Major Resistance Levels: 18101, 18168, 18324 and finally 18446.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.