Markets are highly volatile because of the Russia-Ukraine war, oil price hike and awaited results for five states in India. NIFTY gave a negative opening, but it seems to consolidate. 200 DMA for NIFTY is at 16950. Markets are clearly under the bear phase.
Charts clearly show significant support levels at 15700 levels.
GANN Square of 9 support levels is 15700 and 15100. Fibonacci support levels are 15561 and 15181.
Resistance levels based on GANN Square of 9 are 16300 and 16950, and based on Fibonacci are 16197, 16391 and 16591.
Trends based on Supertrend, Smoothed Heiken Ashi and Follow Line Indicators are bearish and in red zone.
Charts clearly show significant support levels at 15700 levels.
GANN Square of 9 support levels is 15700 and 15100. Fibonacci support levels are 15561 and 15181.
Resistance levels based on GANN Square of 9 are 16300 and 16950, and based on Fibonacci are 16197, 16391 and 16591.
Trends based on Supertrend, Smoothed Heiken Ashi and Follow Line Indicators are bearish and in red zone.