NIFTY
19/3/2024
Overview- Japan puts an end to their decade long negative interest rate policy amid economic woes. Bitcoin along with the wider crypto market tumbles after the bull run. Nifty and wider Indian market remains weaker.
Outlook for 20/3/2024- Nifty50 remained bearish to sideways through the day. This marks a week of weak performance by Nifty and Banknifty which is very surprising and one can expect a bit of rebound in near term. Nifty closed near a strong support level of 21800, a move above 21871 might finally bring bullish momentum in the market. Important resistance level at 21977 and 22036.
Note- This is educational analysis and investment advice.