Market View for 16th March,2022!

🧊Market View for 16th March, 2022 :

BANKNIFTY ⚡️

Support : 34800-34760
Resistance : 35650-35680
Chart : https://www.tradingview.com/x/tGMnEoOO/

NIFTY ⚡️

Support : 16600-16560
Resistance : 17040-17060
Chart : https://www.tradingview.com/x/532mtcDE/

OUR VIEW 🌟
Yesterday’s bearish view and levels worked nicely!
Today it seems we might open gap-up.
Not expecting the Gap-UP to sustain.
However if Yesterday”s High [16928] gets taken out and we get a close above it. We will have to believe that bulls have taken over.
With VIX still being above 25 Trim your QTY and Keep Wide SLs.

Major trend is bearish so always remember this! So don’t do blind 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://telegram.me/chartians