NIFTY LEVEL PREDICTION FOR TOMORROW 15 MARCH 2022

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Markets got off to a buoyant start to the week, gaining over a percent and a half continuing the prevailing recovery. After the flat start, the benchmark gradually rose on healthy buying from banking and IT majors, eventually ending around the daily high. Meanwhile, the broader indices traded mixed, ending with modest gains. Bullish global signals coupled with bargain-hunting among index majors are driving markets higher.
Markets will initially react to the inflation data in early trading on Tuesday. Updates on prevailing geopolitical tensions and global market developments will also remain in focus.Since Nifty has surpassed the critical hurdle at 16,800, it can extend the rebound to a 17,100+ zone. In case of any dip, 16700 would act as immediate support. Meanwhile, participants should maintain their focus on sector/stock selection.
SUPPORT: 16709,16508,16206
RESISTANCE:17011,17112,17414