NIFTY : 20 MARCH

@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 $1bn 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.

Comment:

Nifty50 trading in range, look for breakout and momentum. Hope to be in upside,

Comment:

Volatile market, if you want to make a profit place no stoploss.

Comment:

Very low trading volume.

Comment:

Can the Fed make dovish or positive comments to stop bleeding?