🧜🏻♂️ MARKET VIEW FOR 8TH MARCH 2022 :
#BANKNIFTY ⚡️ Support : 32150-32120 Resistance : 33550-33580 Chart : https://www.tradingview.com/x/JFhVQ2FL/
#NIFTY ⚡️ Support : 15750-15730 Resistance : 15940-15960 Chart : https://www.tradingview.com/x/Y7sk8cTT/
OUR VIEW 🌟 We expected a Sideways day yesterday [Link] and that’s what exactly happened Gap down then Day High to Day Low at the end. Today we are expecting another day of wild yet sideways movement. Vix not showing any signs of cooling off. May be till 10th we can’t expect it to cool off. Many strangles are sold in this type of market due to high premiums. If we open decent gap-down we can expect some good recovery today. Profit booking at said levels is very important. We added decent amount of Bankbees yesterday. Fresh Shorts not advisable at these levels.
OUR BIAS | SIDEWAYS to POSITIVE ⚡️
Will post live updates of #Nifty and #Banknifty in live market on our Telegram Channel | https://t.me/chartians
