NIFTY : 20 MARCH
Updated
nifty50 today support and resistance,
S1 - 16956 ,
S2 - 16850
R1 - 17152
R2 - 17315
Global News:
*UBS in talk with Credit Suisse , Complete take over of Credit suisse for 11BN dollar - Postive news for banking
* Warren Buffett in talk with fed - regarding banking sector collapse.
But in contrast - Banking sector needs external support to survive - negative for economy. Further collapse of any banks will impact market.
Feds aggressive money printing during corona and currently aggressive interest rate hike may dent financial sector to some extend.
Can see, intraday bullish but long term is unpredicatble.
S1 - 16956 ,
S2 - 16850
R1 - 17152
R2 - 17315
Global News:
*UBS in talk with Credit Suisse , Complete take over of Credit suisse for 11BN dollar - Postive news for banking
* Warren Buffett in talk with fed - regarding banking sector collapse.
But in contrast - Banking sector needs external support to survive - negative for economy. Further collapse of any banks will impact market.
Feds aggressive money printing during corona and currently aggressive interest rate hike may dent financial sector to some extend.
Can see, intraday bullish but long term is unpredicatble.
Note
Nifty50 trading in range, look for breakout and momentum. Hope to be in upside,Note
Volatile market, if you want to make a profit place no stoploss.Note
Very low trading volume.Note
Can the Fed make dovish or positive comments to stop bleeding?
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