Nifty Today: “Not for the Faint Hearted” - 03 Mar’22


Nifty View: Nifty loses another 100 points in today's trading session to post a close at 16,505. Some degree of intraday volatility was observed, especially at the final hour of the day's trade, which is attributed to the expiry of weekly derivative contracts. No change to the underlying trend, which stays down with negative sentiment and selling pressure. As long as the immediate resistance of 16,800 is not broken on the upside, expect selling pressure to persist.

Thank you for following my work and please feel free to share your thoughts and suggestions.      
 
Trade Well. Trade Wise.