Pre-Open Tech view of Nifty & Bank Nifty [S] for 24-02-2022 – Feb 2022 Monthly Expiry Day

BY A STAFF REPORTER

Concerns over the escalating tensions in Russia and Ukraine remain in focus. Global cues are in Red. Here chances are there not only to break current 200 dma 16888 but also to test & break crucial area 16800.

Here after 6th consecutive lower closing Nifty finally settled at 17063 < D to D basis down, -29 points >.

Last Day’s High <17220> and low <17027> will be important for next swing trade.

If Nifty slips below 17000 mark, weakness may extend into the zone of 16800 levels.

Considering expiry sessions with unusual volatility bulls should cautious & better to remain neutral on the Index specially at higher ends.

Source : Eureka

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Source : Eureka

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