Tradingviewindia
Nifty and Banknifty Weekly Analysis 08Mar------------------- WEEKLY ANALYSIS 08-MAR----------------------
NIFTY and BANKNIFTY had the weekly split into two halves and was in conclusive on either side. The weaker closer towards the end of the week and the higher VIX will indicate that our primary bias on short terms charts can be bearish to neutral.
Nifty Futures- Weekly Trend decider at 15030-90F
1. Failure to cross that will look to test 14850/750/600
2. Hold above for a test of 15200/15340
Banknifty Futures- Weekly Trend decider at 35550-670
1. Pullback and failure to cross - look to test 35050/34500
2. Break and hold abv look for 36200/ 36650
BANKNIFTY Expiry Day StrategyBankniftyWe had planned for a break on either side which played out beautifully.
Not quite the way we would had wanted it given the market glitch and trading halt and the late move. But it did happen as we laid it out.
< Refer to the previous post >
Plan for Expiry:
OI Analysis: Good PE OI at 36000 , overall PCR has increased so expecting a bullish Bias. 36500 is balanced , CE OI high at 37k CE
Plan of action:
1. Will Look for a hold of 36200 for a bullish bias.
2. Break above 36620F will look for a move to 37000
3. Hold below 36200 can look to rotate lower to test 35850 areas.