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Niftynextweek

Market Outlook For the Next Week 21st to 25th Feb 2022Market can move in either direction purely based on news related to and Geo-political events. Other important aspect that can give direction to the market US Fed taper and Local Election results in some important states in India. Important levels to watch for on the up side will be 17303, 17393 and 17433 which will act as resistances. Above these levels in case of some good news coming during the week related to Ukraine and Russia tussle can give wings to the market and take it to 17486, 17582, 17664 levels. Supports in case of some unwanted news can be at 17241, 17213, 17080 and 17026. Below these levels major support will be 16919 and 16807. Extreme possibilities for the next week are: Extreme upside would be : 17797 Extreme downside would be : 16425
NSE:NIFTY
by Happy_Candles_Investment
US FED spoils the party. What will happen next week?Data from US and Hawkish Fed spoiled the rally started by DII and retail investors who were on a buying spree. The support levels to watch on Nifty in the coming week will be Friday low of 17303, 17214 and 17119. 17119 will be a major support below which we will see sheer weakness in the market where bears would come into play and take market to 16840 or 50 days EMA level of 16686. On the upper side resistance levels to watch for are 17461, 17524, 17639 which was peak of the week gone by.
NSE:NIFTY
by Happy_Candles_Investment
Market Outlook for Remaining days of January 2022. What we saw during most of last week starting from 18th Jan was an exhaustive selling rally lead by massive fall in IT index. On Friday Nifty formed a Green Doji indicating that further downside might be limited if NIFTY can sustain above 17707 which was high of Friday and more specifically above 17779 in the coming week. Resistances on the upper side if Nifty closes above 17779 will be 17950 and 18186. Supports on the lower side will be 17481, 17313 and 17070.
NSE:NIFTY
by Happy_Candles_Investment