By a Staff Reporter: Another flat opening at 17201, then only 100 points narrow range movements through out the session. Range mainly on the upside trend line barrier 17250/270 & on the down side supported by 20 DMA 17170 & 5-100 dma juncture 17150.
Nifty has been forming Doji candles for the last two sessions and got stuck in this range.
Nifty is ready for a big move in coming sessions beyond this range specially on the upside.
Going forward, two key things need to be watched in the market. First is the spread of the new variant -Omicron and at the same time how the Fed policy pans out.
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