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Nifty and BankNifty Chart for 14th March 2023

 Market Context -  Bearish to sideways. Sell on Rise is the way to make profit.

                        What a tremendous fall today. Whoa. Fall can continue as globally market sentiments especially bank sector is negative.

 

Nifty50 – 

In these kind of market, PDL and PDH are best place to trade. Also the way Nifty has fallen breaking all the support levels, no crucial support/resistance can be drawn.

Chart for reference- 

 

 

 

BankNifty-  

 

Same goes for BankNifty. Follow PDL and PDH. Any big red candle in first 15 minutes of market opening will again create a pressure on downside.

 


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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