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Market remained in negative territory for a third day in a volatile session on Wednesday, as inflation surged to a 17-month high in March. The Sensex slipped into the red around midday, closing 260 points lower at 58315, while the Nifty ended at 17465, 64 points lower. points. Markets made a meaningful bottom in March and we have been trying to figure out how to really manage this entire move higher while news flow remains negative. In the very short term we have key support which is close to the 20 day moving average, it is also a 61% retracement of the rally we saw from 17000 sometime in late March to the highs and then we have each other withdrawn. So around 17425-17400 is a critical support level. For Nifty, 17425 will act as very strong support on breaking which we might see 17350 levels and if this level is also breached than next stop will be around 17300 levels. On upper side 17600 will act as very strong resistance, if Nifty goes beyond these levels than next stop will be around 17700, which if broken will take markets to 17800 levels.
RESULT IN THE NEXT WEEK 18-04-2022 TO 22-04-2022
Mindtree Ltd 18-04-2022
ACC & Larsen & Toubro Infotech Ltd 19-04-2022
Tata Elxsi Ltd & ICICI Securities Ltd
20-04-2022
HCL Tech , L&T
Technology Services Ltd 21-04-22
L&T Technology 21-04-22
Tata Metaliks Ltd 22-04-2022
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