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Month: February 2022

Markets for the week ahead

Markets for the week ahead

We are not the ones who are worried about the much-talked geopolitical concerns over Russia and Ukraine. These are all the part of markets action and the behavior in the history, those eventually show up on charts. Now, going by the charts alone, we are not in a hurry to call the bear markets have started. This view remains valid until we see a structural correction across the markets. Nifty is at the lower channel line closer to 16800. The…

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Markets Weekly Update

Markets Weekly Update

Nifty ended green this week and closed marginally lower to 20wMA 17628. The close above 17558 and 17628 are the levels we are looking forward to as the trend is still up. The upper channel resistance is at 18200. The bigger levels are expected above 18200 are 18448 and 18900 in the next leg of the move. The entire move that is expected should hold the lower levels at 17244. BankNifty is showing strength as it is trading above 20WMA…

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