Support- 16800-16700 Resistance- 17050 and then 17200 Now we | Stock Shiksha

Support- 16800-16700
Resistance- 17050 and then 17200

Now we have come to the climax time where extreme fear takes reverse. Yesterday, Ukraine declared state of emergency and told Ukrainians to flee back to Ukraine who are in Russia at present. Ukraine faced Cyber attack too. US has informed that today late night Russia will start invasion concluded in war. There is UN security council meeting is going right now to find out the solution. When everything is negative and price is almost already factored in, any positive news will be cause of strong recovery from bottom. For long term investment this week is good opportunity for shopping as many stocks will be at lower price. For traders I would say wait and watch because of extreme volatility. Technically closing below 16800 will be crucial and can take it to 16600. And any positive trigger will take it above 17000. in short, its time of uncertainty so wait and watch calmly