Dated 22.03.2021
Good Morning friends
spot levels
FII +₹1,418.4 Cr
DII +₹559.6 Cr
Nifty cmp 14744
PCR -0.99 (Highly oversold )
RSI -47.27
VIX-19.98
Resistance ,14784,14850-14905, 14980-996-15030
support ,14640-610,14542,14505
Trade Opportunity: Nifty is in over sold condition, if come down to 14640-620 levels buy ,if correct more up to 14542-505...
Bullish above 34360 for the targets 34480, 34660, 34840, 35020, 35280, 35540 and 35680. Bearish below 34120 for the targets 34020, 33840, 33620, 33500, 33340, 33200, 33060 and 32880.
Magic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR...
Technicals & market outlook for 25MAR2021 monthly expiry
Global factors to look at:
• US FED & England Central Banks kept interest rates unchanged.
• Gold has entered bear market with correction of 20% from ATH.
• Brent Crude is trading near 62.4 after 10% correction from top.
• US 10Yr bond yield > 1.7. Despite FED tap on, its keeps rising
• DollarIndex is...
All the Levels are mentioned on the charts!
I see a strong support @ 33550 levels...
The market is continuously falling from past 6 trading sessions. I am definitely not looking to sell aggressively but i would definitely buy aggressively if BANKNIFTY opens a big gap down tomorrow. Or starts taking support @ the mentioned levels.
