NIFTY and BANKNIFTY Weekly Trade Plan 22Mar
--------------- WEEKLY ANALYSIS 22- FEB-----------
overall Trend remains down until we see a follow up of the Friday action.
NIFTY Futures - Key immediate levels are 14750F areas for a bullish or bearish bias.
1. Look for a move below 14750 for a move to 14480/14320/14175
2. Hold and support at 14750F or higher look for a push higher to 14890/15k areas
BANKNIFTY Key Trend decider areas are 34350-550F zones.
1. Failure to hold above look to see downside moves to test 33775/32850
2. Hold above for a move to 35080/35950F
overall Trend remains down until we see a follow up of the Friday action.
NIFTY Futures - Key immediate levels are 14750F areas for a bullish or bearish bias.
1. Look for a move below 14750 for a move to 14480/14320/14175
2. Hold and support at 14750F or higher look for a push higher to 14890/15k areas
BANKNIFTY Key Trend decider areas are 34350-550F zones.
1. Failure to hold above look to see downside moves to test 33775/32850
2. Hold above for a move to 35080/35950F
