Market View for 10th March, 2022#BANKNIFTY ⚡️ Support : 33550-33580 Resistance : 34330-34350 Chart : https://www.tradingview.com/x/LyZou1gL/
#NIFTY ⚡️ Support : 16120-16100 Resistance : 16480-16500 Chart : https://www.tradingview.com/x/iuMkP95B/
OUR VIEW 🌟 We said we will focus on buy on dips yesterday! Almost every dip yesterday was bought. So another bang on view![ Read yesterday’s view here ] While we do see DOJI and than an engulfing candle and follow through buying as well. So one thing is clear Markets have reversed and retail who shorted late are left FOMOing now. Now today is Weekly Expiry. Weekly expiries are tricky business what we expect is good buying in the first half and a sell off in the second half. We see CE premiums are inflated. But if we get a sell off in the second half, you could buy that dip as we see markets approaching even 16800 levels in coming days i.e if Putin doesn’t get any bad ideas 😛 Also UP elections results might bring in some more volatility.
Major trend is bearish so always remember this! So don’t do bind buying! We expect 15400 and below levels in few weeks.
OUR BIAS | SIDEWAYS to BEARISH ⚡️ Will post live updates of #Nifty and #Banknifty in live market on our Telegram Channel | https://t.me/chartians