Nifty Outlook: Nifty Looks good for a long haul in the long run. In the short term though Nifty seems a little bit of consolidation before it heads further. RSI on hourly chart shown a need of little bit of strength through consolidation. Which means we may see little bit sluggish end of the week tomorrow as Nifty is already in the resistance zone. This zone...
Nifty found resistance at 50 days EMA which was at 17285 as it made a peak of 17275.65 and found support at 200 days EMA 16840 and Nifty formed todays low or todays bottom near 17824. Nifty ending above 200 days EMA was a good sign and we can see a good bounce back tomorrow by NIFTY. The resistances will be near 16958, 17032, 17285. IF 200 EMA is broken there will...
With Russia and Ukraine war pressure seeming to ease today what we are seeing in Nifty is a relief rally. This can continue for a while and next resistance for Nifty is around the range of 17486. Crossing 17486 next resistance for Nifty will be at 17815. Supports on the down side for Nifty are 17128 and 16823. Critical level to cross for Nifty will be 50 EMA that...
