Bears dominating in the market, Nifty trying to consolidate
Friday recovery continued in SGX NIFTY till Saturday. The Russia-Ukraine tussle is now on its 5th day, and the situation is still tense. The longer the problem persists, the worse it is for global markets.
Markets opened lower than the previous close and reversed from the support levels 16390 based on Fibonacci levels.
The resistance levels are based on Fibonacci at 16590 and 16712.
Markets opened lower than the previous close and reversed from the support levels 16390 based on Fibonacci levels.
The resistance levels are based on Fibonacci at 16590 and 16712.
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