NIFTY 50 - MONDAY 20-03-23

In the last few days, the Nifty50 has found support near 16800 and has risen to 17123. The hourly chart shows that Nifty's support level is around 16985-86. So, I'll keep my long position until the Nifty crosses 17000. According to my forecast, the index will reach 17250 within the next few days.

The SGX Nifty is down significantly on Friday. The market is expected to open lower on Monday. However, it is an opportunity for swing traders to open a new long position.

This video is for educational purposes only. Please make any investment decisions after consulting with your SEBI Registered Analyst or advisor.