nifty outlook 23 feb 2022

22 thg 2, 2022

Nifty has been following these trend lines and break above or below it may result in big momentum movement.. on the downside we have a 20 EMA at 16725 below which we may see huge selling coming in. As per the volume profile Major support (high volume node) is some where near 15880.
On the upside a break above the trendline resistance of 17200 may take u to 17350 - 450 very quickly. If nifty sustains above that then we can see a big rally also - but it will largely depend on the Russia-Ukraine-US news flow


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