Nifty 50 Indicates range bound movement before FED meeting Outcomes

Nifty showed a decent upward movement on Monday and was facing resistance from 17777 to 17850.

Not a Financial advice

Nifty 50 faced resistance at 17,777 and 17,850 zones and support around 17,442 and 17,350 zones.

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According to Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One market would move in range for the coming days

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If there is a piece of positive news in the market we could easily see Nifty50 around 18000 in a day or two.

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If we will move upward 18,100 will be strong resistance for the Nifty 50

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The movement of nifty 50 now totally depends upon the FED meeting which will happen today and tomorrow.

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If you are thinking to invest in for short term then you must wait for FED meeting outcomes and then trade

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Nifty showed a decent upward movement on Monday and was facing resistance from 17777 to 17850.

Nifty 50 faced resistance at 17,777 and 17,850 zones and support around 17,442 and 17,350 zones.

According to Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One market would move in range for the coming days

If there is a piece of positive news in the market we could easily see Nifty50 around 18000 in a day or two.

If we will move upward 18,100 will be strong resistance for the Nifty 50

The movement of nifty 50 now totally depends upon the FED meeting which will happen today and tomorrow.

If you are thinking to invest in for short term then you must wait for FED meeting outcomes and then trade

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