Nifty likely to comedown to its pre-covid level
Targets : 14175/13619/13190/12468
SL: 16826 (closing)
Technical Reason : Breakdown from Long Parallel Channel.
Fundamental Reason : Russia-Ukraine prolonged war , Russia Economy stable by support of India as a customer, Rubble strengthening -- Dollar Weakness , US-China tussle over Taiwan likely to emerge , Energy price unlikely to come down as long as there are sanction over Russia , Food Inflation likely to persist due to heatwave .
Note
heading well , did breakdown from the support today.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.