NIFTY Prediction for 14th March 2022

NIFTY Prediction for 14th March 2022

NIFTY Prediction and Forecast for 14th March 2022: NIFTY faces support at 16,459 while resistance is at about 16,693.

The Overall Technical Rating by Analysts is Positive

3 Analysts

NIFTY closed 0.21% higher at 16,630.45 on Friday, 11th of March 2022.

Nikkei is trading 0.69% higher on Monday while the Dow closed 0.69% lower on Friday.

NIFTY Predictions for Today: NIFTY support and resistance (14th March 2021)

Source
Support
Resistance
16,503 (S3)
16,726 R1)
16,342 (S3)
16,700 (R1)
16,531 (S3)
16,652 (R1)

NIFTY Predictions for Today: NIFTY and Other Markets Update (14th March 2022)

Index
Performance on 11th March
Performance Over 5 days
Performance Over 1 Month
+0.21%
+5.08%
-1.26%
+0.69%
+1.45%
-6.43%
-0.69%
-1.89%
-4.69%
-2.18%
-3.64% 
-6.87%
+1.38%
+8.04% 
-9.83%
-3.63%
-6.04%
-19.34%

b. Index Valuation

Index P/E is now 21.38 which is high but seems to have come down on the back of improved results

c. FII and DII inflows

FIIs were net sellers while DIIs were net buyers on 11th March. FII net sales in March have been Rs -43,303 crores, DII net purchases have been Rs 30,329 crores. 

d. Global Macro:

14th March
Change over Previous day
INR 76.6
-0.10%
$ 109.26
-3.03%
$ 1976.8
-0.41%

US Dollar: Rupee to strengthen as Fed hints at taperingUSD INR linkage tends to have an impact on short term NIFTY performance

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Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a SEBI registered advisor to guide you on your financial decisions. 

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