raggi072

raggi072

BANKnifty is facing resistance around 34797 line, US markets underperformance is stopping banknifty, in niftybank 15 min chart RSI also turns overbought @ 34800 region, tomorrow expiry pressure

raggi072

If BAnknifty keeps trading below 36325 for another 15- 30 min, i expect a gap filling on downside

raggi072

view is still bearish on banknifty but now as expiry is just hours away risk of flat market is very high Selling CE won't give big profit and buying PE can go zero if market remains flat

raggi072

if banknifty give one 15 min candle close below 36323 or 36400 PE goes above 192.7 major down above for today expiry

raggi072

15 mar 22 nifty should hold 16815 any 15 min candle closing below that level will give us atleast 100 point more down move

raggi072

Nifty Closed above my resistance level , though there is a risk of bad news taking market down, still move above 17000 + looks achievable