🧊Market View for 11th March, 2022
Support : 33540-33510
Resistance : 34600-34630
Chart : https://www.tradingview.com/x/IGJJ4Waf/
Support : 16370-16350
Resistance : 16610-16630
Chart : https://www.tradingview.com/x/TI4AaWbd/
OUR VIEW 🌟
Time for some mainebolatha.com :P. We said first half buying and second half selling. We all know what happened exactly!
What can happen now? Well we had 2 good trending days already. Expecting a sideways day today. Just to remind you VIX is still above 25 so even sideways moves that come are wild for a new trader.
The only thing that can help you in this market to tackle volatility is to reduce your position size and keep wide SLs.
New Traders this is a lesson for you. Markets are always forward thinking the news that we retail get is always last and positions are made well in advance and exited when news breaks. Election results positions were created 2 days prior and exited today. We informed about this yesterday on our telegram channel.
Expecting markets to trade between the levels mentioned. So buy at Support and Sell at Resistance today!
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