Bulls unleashed power max, as the clouds of war became lax.

15 thg 2, 2022

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 is at 17486 sustaining above it will enhance the chance of Nifty moving first towards 17800 levels and thereafter to 18K levels. We hope that there is no further bad news from Ukraine front.