Bank Nifty Weekly Analysis 9th March to 15th March 2018

Bank Nifty weekly expiry closed at 24477, consecutive 6^th time fall on the downside

The Following levels for the coming days

Support – 24330,24050,23880,23660 & 23300

Resistance – 24470,24820,25050,25195 & 25350

 

One Magic Number to watch out for the week – 24330

 

Bears have been an upper hand for the last 6 weeks, will they be for coming week

we don’t know is the best answer and correct answer, however

They will remain so if they breach 24330 and closes for 2 days below that number

Bulls fight back can be been seen only if they hold 24050 level for the week, that would be first confirmation, they have started their fight back, second confirmation would be -24330

If both the territories are held, some kind of pullback in the markets, we can see

 

Global Markets, have rebounded last week, our markets have not seen any pullback.

Global markets are positive this week, these may give bulls some ammunition to start moving on an upside

Let markets Decide, what it wants, we are just followers of Market; Never ever predict the markets.Period

Trade from Savings Money

Risk-less at the beginning

Take Calculated Risk once you have doubled your capital

Always Less is more in Market and Life

 

All the Best