Vikas984

BANK NIFTY 17.3.2021

NSE:BANKNIFTY   NIFTY BANK
Hello Everybody,

Hope today everybody did well.

as seen bank nifty opened with a good gap-up ,but hit back to its normal support and resistance range.

tomorrow again the sentiments are bearish as bears have a taken there seats with very narrow trading range.

The First Strong Resistance R1 is at 35000
R2 is 35500 much stronger than R1, hence it is the line hard to break.

and for support 34500 is very strong support , very tough to break.

the Range that comes out for tomorrow is in between 34500-35500

along with the above data'
india vix 20.19 and pcr ratio 0.50,sometime works, and as per both of this the market could be bullish . as it been earlier many times, because PCR ratiso is 0.50.its lowest since one one and half year of my observance.

please comment your opinion of what market could be like tomorrow.

Comments

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