Nifty , BankNifty Saw selling pressure in the first half followed by a sharp rebound in second half and closing near the day high. It was a technical rebound along with short covering which got support from some positive news flows ..
Nifty Key Are on upside 17450-17600--17720 near support 17050-16950 , 16800 areas
Banknifty Must clear 36600-650 and 370000 for...
for long side trades in intraday:-
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before...
Nifty 50 lookahead with sectoral indices.
Nifty seem to be strongly bullish with similar signal from other sectoral indices including small and mid caps
Nifty: 17050 is Key level breakout and sustain is must for more upside weekly cls above 17200-250 this can open doors for 17750-800 also.
Banknifty: 35900-36000 is key level, breakout and sustain is must for more upside. weekly cls above 36200-250 this can open doors for 37200-37500.
Bata: if is able to sustain todays closing on weekly basis, can test...
BANK NIFTY 35610 dated 16.3.2022 11.20 am Live Chart
BUY above 35650
SELL below 35500
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action,
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view,...
