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BANK NIFTY TRADING FOR 12th March 2021

Long
NSE:BANKNIFTY   NIFTY BANK
As Bank Nifty closed at 35938 on last trading day which is near to the demand level of 35991, the trend may be bullish above yesterday’s high. As per 48 EMA channel bn price is above the channel in both 15 min and 60 min time frame which indicates a bullishness sentiment.
Price closed above the 200,500,20 and 8 moving average indicates a bullish sentiment.
Trading opportunity can be on breakout of opening range and or breaking of yesterday’s high

Supply levels-36728,36147
Demand level-35991,35442,35217

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