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BANKNIFTY CHART ANALYSED FOR DATED 19 MARCH 2021

NSE:BANKNIFTY   NIFTY BANK
The spotted trendline we drew yesterday, we can it is also very well respected also getting rejected from 34000 which is also a psychological level for us

My inclination in towards BEARISH only if market opens flat and crosses 33600
I repeat it must break 33600 for further downfall

On the other hand I won’t recommend aggressive selling unless 33600 is breached because there has been continuous RED CANDLES since last four days and those BIG players holding short position will book their position at some point of time when they see good money

Hence we must stay cautious for now unless it breaches 33600 tomorrow 🚨

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