Nifty daily analysis for 20/01/2022

NSE:NIFTY   Nifty 50 Index
Nifty has some support near 17800 level. This is a good place to bounce for the target of 18350.

One day closing above 18350 will take nifty up to 18600.

On the flip side 17600 will act as a strong support.

If close below 17600 this rally will pause.

Comment: Nifty down leg is complete.

18300 to 18670.

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