*Nifty Tech View*22/02/2022
*Nifty Tech View*
22/02/2022
The market is expected to open in the red as trends in the SGX Nifty indicate a gap-down opening for the broader index in India.
As per the pivot charts, the key support levels for the Nifty are placed at 17,068, followed by 16,929. If the index moves up, the key resistance levels to watch out for are 17,348 and 17,490.
*Important News to watch*
▪️Russian President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent on Monday, accelerating a crisis the West fears could unleash a major war.
▪️The Nikkei 225 in Japan dropped 2% in morning trade before recovering partially from some of those losses, last down 1.66 percent while the Topix index slipped 1.33 percent. In South Korea, the Kospi fell 1.2 percent.
▪️Oil jumped to a seven-year high, safe-havens rallied and US stock futures dived on Tuesday as Europe's eastern flank stood on the brink of war.
▪️Gold prices hit a near nine month-high on Tuesday, after Russia ordered troops into breakaway regions of eastern Ukraine, boosting demand for the safe-haven metal.
▪️SEBI given approvals for 3 more companies - API Holdings Ltd, Wellness Forever Medicare Ltd, CMR Green Technologies Ltd.
▪️The daily domestic air passenger traffic in India crossed the 300,000-mark for the first time on February 18.
ЁЯФ┤ FII & DIIЁЯФ┤
Foreign institutional investors (FIIs) have net sold Rs 2,261.90 crore worth of shares, whereas domestic institutional investors (DIIs) have net bought Rs 2,392.85 crore worth of shares.
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