Nifty 50 is seeing a deep correction since a while. On fundamental terms the action is happening around Russia-Ukraine news flows, now talking on the technical terms the Index is trading in Regression Trend Channel. Currently price is trading around lower levels of the channel from here on key levels to watch out is resistance at 16850 if that gets clear then we can see bullish momentum for upcoming trading sessions. However the market is highly volatile these days so avoid carrying overnight naked positions.
