tradetechnicalanalyst

Nifty & Bank-Nifty view for 25.03.2021

NSE:BANKNIFTY   Nifty Bank Index
Dated 25.03.2021, Good Morning Friends
Spot levels VIX-22.45
FII-₹1,951.9 Cr,DII+₹612.8 Cr
Nifty cmp 14549
PCR -0.74, RSI -42.80
Resistance ,14600-625, *14675-85*, 14700-725
support ,14463-69,14350-330, *14290-300*( must buy if come for bounce)

Trade opportunity:- If nifty come 14675-95 must buy put or short in future with sl 14750 for target 14620-550 and more down side.

B-nifty
CMP 33293
PCR-0.61, RSI-39.23
Resistance : *33640,33777, 33915-34000
Support :-33100,32840 *( 32745-610)*

Trade opportunity:-Must buy levels for CE or future 32750-610 with sl 100-150 points, one time bounce must come.
Trade opportunity:-If bank nifty come 33650-700 at morning and break 33500 on lower side and sustain , can short for target 33190,32940-744-610 stop loss 33710
Comment:
1. Bank nifty Short on morning below 33500 for target 32610 done,
Gain almost 1000 points

2. Bank nifty Buy from 32610 for bounce now 33450 done Gain almost 900point

3.Nifty Buy from 14290 for bounce, now 14450 , Gain almost 150 points

Whole market was well predicted .
Bumper profit all Around.

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