Pre-Open Tech view of Nifty Spot for 14.03.2022

BY A STAFF REPORTER     

Asian shares mixed and oil slipped on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting raged on. Investors continued watching developments on the Russia-Ukraine war & besides that markets will also monitor a recent wave of Covid infections in China. FED and BOJ are set to announce their interest rate decision later this week.

Here, last Friday Nifty gave a complete monotonous but volatile range bound move specially in between 16650/700 to 16550/500.Nifty finally settled at 16630. Day to day basis up 0.21% or +35 points forming a small bullish green candle supported by a 9 DMA 16400 & upper side restricted by 16800 <20 DMA >.

As per Retracement :- For coming truncated 4 days with long weekend session traders may kept in mind the following levels against the fall from 17800 to 15671 – 16200/300 < major Sup> – 16470-440 < Cr. sup> & then 16700-777 & above 17800 Extended basis very crucial barrier 17000 < 200DMA> & 17330.

On the Up side :- Above 16666 Intraday Resistances are 16700 then 16742--16777.

Swing basis Major hurdle 16815-840. Difficult to cross but if crosses then only break out hurdles are 16880-16965.

On the Down side :- Below 16550 Intraday supports are 16508—16470. Major support 16433-16380. Should hold it but if breaches then only break down sup 16300.

For Opening DP and Trading account, Mutual Fund Investments and Two/Four Wheeler Insurance Renewal, please contact 9831200699 / 8274909974

#sharemarket #financialmarket #opentrading #opendemataccount #opendemat #sharemarket #insurance #insurancebroker #insurancebroker #trading #Buyback #IPO #mutualfunds #mutualfundinvestment

Exclusive for ANM News Viewers - ANM's Financial & Insurance Related News - To join our group please visit https://www.facebook.com/groups/668263891032421

Source : Eureka

Please register at https://kyc.eurekasecurities.net/home/index/729 for opening Trading and Demat Account.