NIFTY against SGX NIFTY opened negative because of selling pressures. FIIs sold around Rs 3000 Cr yesterday. DII did not participate in FII's comparison. Crude Oil prices are increasing because of decisions from many nations towards banning Crude from Russia.
NIFTY is currently trading at 200 DMA levels and is acting as significant support for NIFTY.
Support levels based on Gann Square of 9 are 16950, 16300 and based on Fibonacci are 16966, 16716, 16467.
Resistance levels based on Gann Square of 9 are 17600, 18300, and Fibonacci resistance levels are 17140, 17243, 17371, 17505.
NIFTY bounced from 17331 levels, Supertrend line acted as the resistance.
Supertrend and Heiken Ashi are in the red zone, and Follow Line Indicator is still in the blue zone.
NIFTY is currently trading at 200 DMA levels and is acting as significant support for NIFTY.
Support levels based on Gann Square of 9 are 16950, 16300 and based on Fibonacci are 16966, 16716, 16467.
Resistance levels based on Gann Square of 9 are 17600, 18300, and Fibonacci resistance levels are 17140, 17243, 17371, 17505.
NIFTY bounced from 17331 levels, Supertrend line acted as the resistance.
Supertrend and Heiken Ashi are in the red zone, and Follow Line Indicator is still in the blue zone.