Support- 16350 Resistance- 16800(first) and 17050(second) Ru | Stock Shiksha

Support- 16350
Resistance- 16800(first) and 17050(second)

Russian Ukraine war is reaching to final stage as long Russian convoy is marching to Kyiv(capital of Ukraine). Peace talk between Ukraine and Russia is also going on but till date no agreement has been reached. US and NATO countries are tightening sanctions on Russia. Fed chairman is also scheduled to appear before Senate panel. We should wait for positive triggers from here as almost all negative triggers seem to be factored in.

Technically, closing above 16800 is very important for Nifty otherwise still sell on rise is formation. Above 16800 we will see Nifty marching to 17050 where gap will be filled. On lower side, 16300-16350 will be major support for now. Near support level one can go with long position.