NIFTY Can go up to 16600 in-case of a harsh selling. There are not much put writers for 27 Jan Expiry in the NIFTY option chain. Seems like 17300 is on the cards. 100 day EMA lies in the zone 17365-17380. There is a DOJI formation on daily time frame, Monday is going to be interesting. Quite possible that NF can fil the gap around 17120 and then reverse.
Concerning Factors:
1. FIIs Selling spree.
2. Germany's Lower growth targets.
3. Inflation everywhere.
4. Oil prices, global tensions between Russia and Ukaraine.
Concerning Factors:
1. FIIs Selling spree.
2. Germany's Lower growth targets.
3. Inflation everywhere.
4. Oil prices, global tensions between Russia and Ukaraine.
Note
17300 booomNote
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.