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Nifty and BankNifty Chart for 10th March 2023

 

Market Context -  Bearish to sideways.

                        After a more of a trending day on Thursday, market is again at good support region. Nifty is more bearish as it closed below previous two days with a big red candle.

 

 

Nifty50 – 

17525-17545 is a good region for buying on long side. For tomorrow, the levels are marked on the chart. Below this zone again we can see 17300 levels.

Chart for reference- 

 


 

 

BankNifty-  

 

BankNifty is still strong on charts. The zone marked is working perfectly (mentioned in previous blogs as well).

 

Chart for Reference- 

 


 

 

 

 

 

 

Abbreviations used in Chart-

 

PDH – Previous day High

PDL – Previous day Low

PWH – Previous Week High

PWL – Previous Week Low

 

 

NOTE: THIS BLOG IS ONLY FOR EDUCATIONAL PURPOSE. TRADE WISELY.

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