Nifty cmp 16500.
As mentioned in last update, Nifty breakdown crucial support zone 17070-17000 and even its 200DMA.
On this turbulent time of Russia Ukrain War, I request all the viewer that, secure your capital first.
Market takes time to recover and move up.
Crude oil Jumped above $110 and Gold Crossing Resistances one by one.
Crude oil can continue its up move further more. It would result in High inflation and High interest rates in near future. All these factors would have negative impact in Economy as well as Stock Markets.
Midcap stocks and Small cap stock can effect more in this situation negatively.
As far as possible, cut your losses and preserve your Capital.
Stay in Cash.
Regards,
Suryadev Bandari
Research Analyst
www.earningwave.com
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