Nifty Update for 21st February 2022

The Index has been very volatile in the last week and made a more comprehensive range. #Nifty50 trend is missing in weekly, daily, and hourly time frames means we are trading in a sideways market, and index trading is tricky in a sideways market because both sides move.

India USD and sgx CMP are 17175, so a flat opening is expected, and posted a 4-hour chart to understand the current market situation. 16,900 to 17,000 is a crucial level, and Index has taken multiple times to support from this level and not make highs, so be careful in the Intraday.

Intraday Resistance : 17,400
Intraday Support : 17,150
Key Support : 16.900 to 17,000

Trade Accordingly!