Yesterday we saw the most volatile market since March-April 20 | Stock Shiksha

Yesterday we saw the most volatile market since March-April 2020 because of Russian invasion of Ukraine. Late night US president denied rumor of sending army to Ukraine which is positive trigger for market when everything is going worse. Fed official also suggested that Fed will increase rate despite or ongoing war. This means Fed is expecting short term war ending with invasion of Ukraine. In short, all negative factors are priced in for now unless something out of box comes. Any positive trigger or peaceful talk between Russia and NATO countries will be reason for strong pull back.

Technically, chart has turned to negative but short is not recommended from side on lower level. Shorting opportunity will be near 16800-16850 which was strong support. Now this zone will work as strong resistance for now. On lower side, 15980 will work as support where one can go for buy. with stop loss below 15900. Overall Nifty is sell on rise but range is very wide and can be very tricky to trade. Good time for investment.