NIFTY Outlook for the coming week i.e. 4th to 8th April 2022.

2 apr 2022Market has shown immense strength this week closing at 17670 which is more than 3.02% from last week. Nifty is now headed strongly into a resistance zone and we might witness a clash between bulls and bears the coming week. The strong resistance zones will be 17709, 17819 and 17951. If Nifty has a massive continued bull run in less likely circumstances, it can reach 18030 and regain 18K+ levels in case the bulls have a field day or a week. However, this looks unlikely as of now. In case bears prevail the support levels will be near 17551, 17440, 17250 and 17008 in case the bears have a decent outing. FIIs are in buying mode and tailwinds look positive as of now unless we have some negative development in the weekend.