Support- 15980-16000 Resistance- 16800 As Russia Ukraine war | Stock Shiksha
Support- 15980-16000 Resistance- 16800
As Russia Ukraine war is still going on and few strict sanctions imposed on Russia have led to anger Putin. And in retaliation Putin has ordered its nuclear force to be on alert which can longer the tension between West and Russia. This all will led to commodity prices to increase, which will push inflation higher. This is why US indices futures are trading lower. SGX nifty is showing at least 100 points down. On positive side, Ukraine and Russian representatives will meet in Belarus to end war.
Technically, support exists near 16000 where one can look for buying nifty. On upper side 16780-16800 will act as strong resistance. Overall trend is bearish for now and hence sell on rise should be strategy.
We are not SEBI registered investment advisors. Whatever we share here, has sole purpose of knowledge sharing. Profit and loss is subject to market risk and trader himself has to bear the risk....
