Nifty and Banknifty Weekly Plan 15 March-2021
NIFTY and BANKNIFTY had the weekly split into two halves and have closed on the lower half, thanks to the strong sell move on Friday.
NIFTY we have also seen a consistent failure to get past the 15300 levels on multiple occasions.
Nifty Futures- Weekly Trend decider at 15150F levels.
Key Swing Levels are 15260 on the upside and 14770 on the downside.
1. Failure to cross 15150F we will look for move lower to 14890 / 14770
2. Cross and hold above will look for a move to 14260/ 14330
Banknifty Futures- Weekly Trend decider at 35650-750F areas.
Key swing reference is 34700-750F areas.
1. Pullback and failure to cross 35600-750F areas, look for a short side play.
2. Also another level to watch is 35350F areas on the downside. Hold or break below for a break down or a pullback play.
3. Downside target levels are 34900/ 34750/34665
2. Break and hold abv look for test to 36030/ 36480
All levels on the futures.
NIFTY we have also seen a consistent failure to get past the 15300 levels on multiple occasions.
Nifty Futures- Weekly Trend decider at 15150F levels.
Key Swing Levels are 15260 on the upside and 14770 on the downside.
1. Failure to cross 15150F we will look for move lower to 14890 / 14770
2. Cross and hold above will look for a move to 14260/ 14330
Banknifty Futures- Weekly Trend decider at 35650-750F areas.
Key swing reference is 34700-750F areas.
1. Pullback and failure to cross 35600-750F areas, look for a short side play.
2. Also another level to watch is 35350F areas on the downside. Hold or break below for a break down or a pullback play.
3. Downside target levels are 34900/ 34750/34665
2. Break and hold abv look for test to 36030/ 36480
All levels on the futures.
