Last 2 hours today saw Nifty forming a bottom near 16828 that was the low of the day and making a pretty solid comeback. The momentum can lead us to open in positive and as US and other Global markets are supporting possibly Gap up opening tomorrow. If Nifty can sustain above 17061 tomorrow and move above 17142 tomorrow or later in the week. We can see a relief rally towards in the 17540 and 17650. 17221 and 17323 will be other important resistance points in this upmove. If Nifty can't sustain and close above 17061 we might be looking towards another dip towards 16900, 16850 or 16747. FOMC meeting of US FED on Wednesday will be the game changer for end of the month. Let us see if we have a marvelous ending of March or Melancholy March.
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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.