Nifty & Bank-Nifty view for 18.03.2021
Dated 18.03.2021
Good Morning friends
spot levels
FII +₹2,625.8 Cr
DII -₹562.2 Cr
Nifty cmp 14721
PCR -1.25
RSI -45.77
VIX-20.15
Resistance ,14820-840,*14920-940*,15020
support ,14723-700,14630-605
Nifty may open gap as positive cue from global market,
1. Trade Opportunity: If Nifty open on gap up must short at higher level 14920-940 if come 15020 short more huge resistance on both levels , targets14820-840
B-nifty
CMP 34229
PCR-0.75 oversold(Highly oversold bounce must come soon)
RSI-42.91 ( break 50 level intent to show more deep correction )
Resistance : 34440-550-680, *34980-35030*, * 35210-320*
Support :-34100, 33940
1. Trade Opportunity: Bank nifty huge resistance at 34440-680 if test in morning and break at down side can short for target 34100-33940 next 33700
2. Trade Opportunity: Bank nifty if sustain above 34680 next it may test 34950-35030,
Good Morning friends
spot levels
FII +₹2,625.8 Cr
DII -₹562.2 Cr
Nifty cmp 14721
PCR -1.25
RSI -45.77
VIX-20.15
Resistance ,14820-840,*14920-940*,15020
support ,14723-700,14630-605
Nifty may open gap as positive cue from global market,
1. Trade Opportunity: If Nifty open on gap up must short at higher level 14920-940 if come 15020 short more huge resistance on both levels , targets14820-840
B-nifty
CMP 34229
PCR-0.75 oversold(Highly oversold bounce must come soon)
RSI-42.91 ( break 50 level intent to show more deep correction )
Resistance : 34440-550-680, *34980-35030*, * 35210-320*
Support :-34100, 33940
1. Trade Opportunity: Bank nifty huge resistance at 34440-680 if test in morning and break at down side can short for target 34100-33940 next 33700
2. Trade Opportunity: Bank nifty if sustain above 34680 next it may test 34950-35030,
Trade closed: target reached:
Bank nifty crashhhh as suggested
Gain points 400*250=1lakh/10 lots
Gain points 400*250=1lakh/10 lots