Market Outlook 18th April to 22nd April 2022.

Market took a support at 17442 on Tuesday last week and the support is not broken in the curtailed week that we had. It remains to be seen if market can hold the support in the coming week. If the support is broken the market can further fall to 17336 and 17303 levels. In the worst case scenario, we can see 17032 levels. If 17032 will be broken the Bears will take over the market. If 17442 holds for now we can see Nifty testing and trying to break the resistances at 17676, 17822 and 18109 levels. Inflation and disrupted supply chain due to war is still putting pressure on growth targets of the companies as we are beginning the Q4 result season.