BankNifty 16 March 2022

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 for 7-15 days' hold and book a good and safe profit.

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BankNifty:

BankNifty...Same...Giving Surprises...Where breakout/breakdown.....so wait...😅😅😅 for a perfect level. Cautious view now in both indexes. We are looking Nifty to go above the 17850 level...Till then don't expect bullishness. 

Today's important level is 34800 on the downside and on the upper side is 35800.

Strong Support 34000.

Strong Resistance 35800-36000.

Current week PCR: 0.77