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BANKNIFTY Weekly Analysis for 22 Mar - 28 Mar

Education
NSE:BANKNIFTY   NIFTY BANK
Dotted Dark Blue Line - CPR
Dotted Light Blue Line - CPR of Previous Timeframe
Dotted Pink Line - H1,H2
Dotted Brown Line - L1,L2
Black Line - R1,R2(Standard Floor Pivots )
Green Line - S1,S2
Pink line - H3,H4,H5
Brown line - L3,L4,L5

Both Third layers and CPR are above previous week's -> BULLISH (likely)
Both of them are narrower than previous week's -> TRENDING (likely)

Trading plan:
1.) If week opens up above CPR , buy the dips as it may reach H3 once.
2.) If weeks opens below CPR , strong selloff. Go short.
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