NIFTY LEVELS PREDICTION FOR TOMORROW 18 FEB 2022

FOR TOMORROW'S LIVE MARKET TIPS CONTACT ON 7772909587 

After a volatile session, today's market ended marginally lower. The benchmark tried to inch higher after the initial decline, but profit taking in the final hours pared all the gains. In the end, the Nifty ended the session down 0.2% to 17322 levels. Of the sectors, most ended in the red with PSU banks, metals and media being the top losers. The broader nifty ended mixed with midcaps under pressure, while smallcaps ended 0.9% higher. Markets are currently dancing to the tunes of the global economy and we do not expect this to change anytime soon. The minutes of the US Fed meeting and tensions over the Ukraine-Russia crisis will remain relevant in the near term. Besides, the scheduled weekly expiry would further add to the choppiness. We reiterate our cautious stance and suggest waiting for further clarity.
SUPPORT:17174,17086,16867
RESISTANCE: 17393,17524,17743

 We expect volumes to pick up with receding Omicron effect and recovery in economic activities. Persistent good performance of RE in international market, extensive distribution network, new product launches, high traction in all-new Classic 350, proactive engagement with suppliers to address supply chain bottlenecks and multiple management actions taken to optimize cost base augur well for the company’s performance in future.