After OMICRON VIRUS and Formation of HNS pattern, NIFTY drags and taken SUPPORT near 16850
Omicron or the B.1.1.529 is a variant of the SARS-COV-2 virus, popularly known as coronavirus or Covid-19. It is the 12th variant of the Covid-19 virus that WHO has named on Greek alphabets.
Situation of OMICRON is very bad, As its spreaded over 30 countries
But still, When we are coming to STOCK MARKET, We can hope for digital functions keep working in better way and growth for STOCK MARKET is looking positive for many stocks
NIFTY breaking below 16850 can drag upto 16200 (Support). On positive hope not expecting it to break . NIFTY if recover from here can expect it to make new high
Anyhow.. Dragging in NIFTY will because of Weakening Rupee, On hedging side we can expect DOLLAR gain GOLD gain and following IT stocks and PHARMA stocks to make new gain ahead
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