Vikas984

BANK NIFTY 15-FEB-2021

NSE:BANKNIFTY   NIFTY BANK
AFTER A COUPLE OF DAYS A STRONG TREND WAS SEEN IN BANK NIFTY .

NOW A DAYS WRITERS ARE TAKING NARROW POSITIONS, SO THE MOMENT WILL BE SEEN 500-600 POINTS,
INDIA VIX HAS ROSE TO 21.6 FROM 20.74
AND PCR RATIO IS AGAIN IN ITS LOWEST 0.56.

EARLIER WHEN INDIA VIX WAS 22-21-20 THESE HAVE MANY TIMES SHOWN , A GOOD UPTREND IN BANK NIFTY , BUT NOW IT SEEMS, INDIAVIX 20-21 ARE NOW BEING HIGHEST.

SUPPORT
35500 lets see if it could turn it to be a strong support as lot of writers have took position here.
35000

Resistance
35500 as for current closing
36000


please share your opinion what market is going to be on Monday-15th March- 2021