Market Outlook:
NIFTY is searching for support from where it can launch ahead in the global volatile atmosphere where Fed rate hikes are decimating the markets. Macros for India remain strong and in 2023 we should see Nifty hit the target zone in excess of 19400/19500+ but for now till we find a proper launch pad for Nifty it will remain weak or in consolidation phase.
Major Support Levels from here: 17867 and 17777 (Major Support below which bears can take over the show for a while). Below this zone supports are only at 17668 and 17496.
Major Resistance Levels from here: 18125, 18251 and finally 18404.5.
Long Term Target for 2023: 19441.
NIFTY is searching for support from where it can launch ahead in the global volatile atmosphere where Fed rate hikes are decimating the markets. Macros for India remain strong and in 2023 we should see Nifty hit the target zone in excess of 19400/19500+ but for now till we find a proper launch pad for Nifty it will remain weak or in consolidation phase.
Major Support Levels from here: 17867 and 17777 (Major Support below which bears can take over the show for a while). Below this zone supports are only at 17668 and 17496.
Major Resistance Levels from here: 18125, 18251 and finally 18404.5.
Long Term Target for 2023: 19441.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.