abhiquiet

A sigh of relief in NIFTY

Long
NSE:NIFTY   Nifty 50 Index
Russia-Ukraine tussle seems to be settling with the statements released by Ukraine's President. Markets globally are buoyant now, and so is our NIFTY.
Today we got the gap up opening. For India, the roller coaster ride is not over yet. Today's election result date for five states.
We may see ups and downs in the market. NIFTY is still trading below 200 DMA levels at 16950.
Support levels based on Gann Square of 9 are 16300 and 15700. Resistance levels based on Gann Square of 9 are 16950 and 17600.
Support levels based on Fibonacci are 16591, 16391 and 16197. Resistance levels based on Fibonacci are 16712, 16834 and 17140.
Trends are still in red on Daily charts, but Supertrend, Smoothed Heiken Ashi and Follow Line indicators are turning green in 5 Min, 15 Min, 30 Min and 1 Hour charts.

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