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BANK NIFTY TRADING FOR 5TH MARCH 2021

Short
NSE:BANKNIFTY   Nifty Bank Index
YESTERDAY BANK NIFTY CLOSED AT 35802, WHICH IS BELOW THE 48 EMA CHANNEL IN 15 MIN TF, IN 1HR TF BANK NIFTY IS IN THE CHANNEL SO WE SHOULD PLAN TO SHORT BANK NIFTY BELOW THE PREVIOUS DAY LOW AND 200 MA WHICH IS 35681. BN PRICE CLOSED BELOW 8MA, 20 MA AND 50 IN 15 MIN CHAT WHICH SHOWS BEARISHNESS.
48 EMA :35984-34845
DEMAND-35991,35217
SUPPLY 36728,36147

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