Pre-Open Tech View of Nifty spot for 02.03.2022 & onwards

By a Staff Reporter:  Global cues extend losses as geo political turmoil continuing and oil prices surged hitting its’ highest level in seven years.

Here Nifty spot on last day, Feb 28th smartly bounced mainly in 2nd leg of the session above 16666 & extended upto 16816 & closed almost day’s top at 16974 up 135 points Day to day basis.

Nifty formed a bullish engulfing outside bar candle on the daily charts, a positive indication for further uplifting but has to clear 16770-820 for initial confirmation of the uptrend, otherwise further down side.

Source : Eureka

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Source : Eureka

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