BankNifty 16 December 2021

Good Morning,

My today BankNifty view...Please watch levels. If anyone takes a trade-in index, then book a small profit as per digestion. Be cautious in Index trade. 

Remember:

1. The market is supreme.
2. My view is also wrong.

Still, My same opinion if you have patience then...focus on the cash stocks market...7-15 day's hold and book good and safe profit.

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BankNifty:

BankNifty...Same...Giving Surprises...Where breakout/breakdown.....so wait...😅😅😅 for a perfect level. Weekly expiry little bit cautious because both side moves come. 

Today's important level is 36600 on the downside and the upper side is 37000. 

Strong Support now 36000.

Strong Resistance 37000-37400 levels.

Current week PCR: 0.68

If BankNifty comes 36100-36200 levels in the opening session then try for a buy-side.