Nifty Round and path ahead for 28th March to 1st April 2022.

Mar 25, 2022

As mentioned last week the resistance between 17206 and 17450 proved very difficult for Nifty to conquer. It was a mixed week with Crude trading in a volatile fashion Covid 19 cases picking up in China, South Korea, Europe and other places. The war is continuing relentlessly and I would say our market is doing extremely well to hold above 17078 which is the 50 days EMA. FIIs and DIIs were taking turns this week in buying and selling almost like playing hide and seek. Indian market are showing inherent strength. We are at cross roads any positive news can give a nice 200-300 point rally similarly any negative news will test the supports at 17078, 16988 and 16726. On the upper side resistance levels will be 17202, 17294, 17352, 17428 and finally 17628.