Nifty likely to comedown to its pre-covid level

Targets : 14175/13619/13190/12468

SL: 16826 (closing)

Technical Reason : Breakdown from Long Parallel Channel.

Fundamental Reason : Russia-Ukraine prolonged war , Russia Economy stable by support of India as a customer, Rubble strengthening -- Dollar Weakness , US-China tussle over Taiwan likely to emerge , Energy price unlikely to come down as long as there are sanction over Russia , Food Inflation likely to persist due to heatwave .

تعليق:

heading well , did breakdown from the support today.