Market Outlook:
The factors related to Israel and Iran Conflict will e the leading cause for market and moves rather than other local or Techincal factors for the next few days it seems. However the Support and Resistance levels seem to be as under.
Nifty Resistance: In case there is some positive news of tension related to conflict decreasing will be at 22424, 22534 and 22620.
Nifty Supports: In case there is further escalation in conflict which looks more likely will be at 22622, 22112(Major support from where Nifty can bounce), 22008, 21711.3. If 21711.3 is broken we can see the levels of 21149 or even 20753.
Shadow of the candle is negative and anyway Global factors specially Iran and Israel will be decisive force driving the Nifty for next few days it seems.
The factors related to Israel and Iran Conflict will e the leading cause for market and moves rather than other local or Techincal factors for the next few days it seems. However the Support and Resistance levels seem to be as under.
Nifty Resistance: In case there is some positive news of tension related to conflict decreasing will be at 22424, 22534 and 22620.
Nifty Supports: In case there is further escalation in conflict which looks more likely will be at 22622, 22112(Major support from where Nifty can bounce), 22008, 21711.3. If 21711.3 is broken we can see the levels of 21149 or even 20753.
Shadow of the candle is negative and anyway Global factors specially Iran and Israel will be decisive force driving the Nifty for next few days it seems.
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