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Market setup: Can Nifty take out congestion zone of 17,300 17,600?

videos | Mar 23, 2022 9:04 AM IST

Market setup: Can Nifty take out congestion zone of 17,300-17,600?

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It is a very remarkable price action on the Nifty over the last few days. The high of Nifty has almost been same, 17,350 and thereabout. March 17 it was 17,344, March 21 was 17,353 and on March 22 it was 17,334.

It is a very remarkable price action on the Nifty over the last few days. The high of Nifty has almost been same, 17,350 and thereabout. March 17 it was 17,344, March 21 was 17,353 and on March 22 it was 17,334. The low has been getting lower by almost 100 points. So the well documented congestion zone, 17,300 to 17,600 – can Nifty take that out? One will have to wait and watch.

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