Nifty & Bank-Nifty view for 22.03.2021
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 add more as huge OI seen at 14500 Level for target 14784 and 14850-870 and 14905
B-nifty
CMP 34161
PCR-0.81 (Highly oversold )
RSI-43.31
Resistance :* 34460*,34550,34650 *34950-35050*
Support :-33888, 33580
Trade Opportunity: Bank Nifty Huge support at 33888, if test in morning and cross 34000 on up side can buy for target 34450-570-650
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 add more as huge OI seen at 14500 Level for target 14784 and 14850-870 and 14905
B-nifty
CMP 34161
PCR-0.81 (Highly oversold )
RSI-43.31
Resistance :* 34460*,34550,34650 *34950-35050*
Support :-33888, 33580
Trade Opportunity: Bank Nifty Huge support at 33888, if test in morning and cross 34000 on up side can buy for target 34450-570-650
Trade closed manually:
Nifty bounce from as suggested levels 14600.