Watch levels amid Russia–Ukraine
different types war news
Nifty-Intra Day Chart Analysis &
Market Outlook(17-02-2022)
Nifty-Intra Day Chart (16-Feb-2022):-
Technical Patterns formation in today intraday charts
1- Only intraday volatility
2- Whole day actual trading between 17258-17490
Conclusions from intra day chart analysis
As different types of Russia–Ukraine war reports therefore all the Global markets are reacting on it through huge volatility and Indian markets have also followed it accordingly in last 3 sessions.
Although last 40 sssions lowest was formed at 16809.70 on 14-02-2022 but jumped also next day after some positive signals from Russia–Ukraine border. As no one knows its fate and its impact on the world therefore if war begins then firstly sustaining beyond 16809.70 should be watched for deeper correction beginning confirmations but immediately sharp up moves will not be seen because following resistances are lying above today highest:-
1- 17580-17639
2- 17648-17684
3- 17699-17731
4- 17736-17761
As Nifty digested whole Russia–Ukraine news between 16810-17490 in the last 3 sessions through huge volatility therefore finally sustaining its beyond should be watched for next decisive moves beginning confirmations amid high possibility of finally sustaining below 16810.