NIFTY50 AND BANKNIFTY VIEWS FOR 12.03.2021

Indian equities witnessed a fresh wave of selling in the second half of the March 12 session that dragged the benchmarks Sensex and Nifty lower by about a percent. On a weekly basis, however, the Sensex climbed 0.7 percent and the Nifty 0.62 percent. -          Technical View on Nifty50 & Bank Nifty on 15.03.2021 : - Major psychological support for Nifty50 is 15000 on breaking of this level will take nifty towards 14890 which is very important level. If nifty tomorrow open below 15100 then there might be a selling pressure will be seen on nifty. Wait for nifty to break 15000 level then and only go for selling and on the above side wait for nifty to break 15200 level the and only buy nifty.   Bank Nifty View on 15.03.2021 : - In the previous article I said that the Bank nifty has not given any positive signal of buying hence, Bank nifty has fallen by 442 points on 12 th March 2021 and closed at 35496.60. Now for tomorrow if the Bank nifty...

  Indian markets ended with positive note today on buying in auto and metal stocks.  Nifty  closed up 0.51% at 15,174. However, movement in the markets is still very confused as markets search for a definitive direction. Whereas Bank nifty end with just gaining of 72 points closed at 35938.30 (0.20%). -          Technical View on Nifty50 & Bank Nifty on Friday: - Major psychological support for Nifty50 is 15000 on breaking of this level will take nifty towards 14890 which is very important level. On upper side even though nifty has given positive closing but still not closed above 15200 that means this level is very important for nifty. On breaking of this strong resistance will make confirm nifty to make another high. Buy nifty only when it closes above 15200 resistance in day candle. Whereas the bank nifty has also not given any strong signal of buying if it managed to close above 36000 only then it was confirm buying sig...