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
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
