Support- 16350-16400 Resistance- 16800(first) and 17050(second | Stock Shiksha

Support- 16350-16400
Resistance- 16800(first) and 17050(second)

In yesterday's view I wrote that Fed chairman would appear before Senate in US. Positive trigger came from there. Jerome Powel told that Fed will increase interest rate by 25 basis points only. Most of experts were expecting 50 basis points. He also told that Fed will be cautious while increasing rate rather than being aggressive. This is positive for market in overall. On negative side, Russia Ukraine war is still going on and its in final stage. More sanctions will be imposed on Russia in upcoming days or not we must watch. Because more sanctions means higher price for commodities. In short, we still have to be careful while trading.