NIFTY AND PERSONAL VIEW ON MONDAY 21 FEB 2023

 NIFTY INDEX :- 

  Index can HOLD above 17859-17877Levels with RESISTANCE for 18080-18130Levels!!!!! 

Lets see how to above things can happen on Monday 21 FEB 2023.

1.On friday Nifty index was made a negative performance and slip around approx 91.65 as Nearby Half percent due to negtive global cues.

2.Us doller climb on 6week high becuse of rate hikes after hawkish commentry by Federal Reserves.

3.Nifty has formed a small-bodied bearish candle with long upper-lower shadow on the daily charts, indicating the tough of war between the bulls and the bears.

4.Index slipped below the 50-day exponential moving average but managed to hold the falling resistance trendline adjoining the highs from December 1, 2022. It also took support at 17,900.

5. Index formed a small-bodied bullish candlestick with a long upper-lower shadow, indicating indecisiveness among buyers and sellers about the market trend. 

6.A recovery is likely if the Nifty stays above 17,880, the day’s low. On the higher end, 18,150 will likely act as resistance.

Stay tuned and Stay wealthy and Wish you HAPPY MAHASHIVRATRI TO ALL. 

Thanks and Regards,

Prashant D. Jagtap

(DISCLAIMER:- Stock market Trading and investment are subject to Maeket risk.All Points genrated on my own studies for educational pourpose, Traders can invest with own financial advisor.)

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