Nifty 50 and BankNifty Analysis for Tomorrow(16/03/2022)

 Nifty50 Chart

Technical analysis of Nifty 50 for Option trading

OBSERVATION:

• As we discussed yesterday if the Nifty50 opens a small gap-down and gives a strong breakout below the 16800 level then our first target will be 16700. And the second target will be 16650 or 16636.
• We can see in the chart our both targets were hit in the second half.
• You can check here our today's targets.

Nifty 50 targets for options trading:

For Upside:

• If the Nifty50 opens a small gap-up and gives a strong breakout over the 16700 level then our first target will be 16850 and the second target will be 16900 and the third target will be 17000.
• These targets will also work when Nifty moves up by opening a small gap-down and breaking the level of 16700.
• Trade with strict SL.

For Downside:

• If the Nifty50 opens a small gap-down and gives a strong breakout below the 16550 level then our first target will be 16450 or 16414
• And the second target will be 16330 - 16300 or 16238.
• Mark these levels on your chart also.
• Trade with strict SL.

Trading setup for tomorrow 

• Don't trade at the beginning of the market, let it make price action or wait for 5,15 min candle.
• Avoid large gap-ups and gap-downs.
• All the levels in the chart will act as resistance and support, hope you understand.
• If the market opens flat or small gap-up then our first target will be 16850 and the second will be 16900.
• Trade with strict SL.

Disclaimer:-  All the information on this website is for educational purposes only, please do your own analysis before taking any trade. If you wish to trade in any of these, consult a certified investment advisor first. We will not be responsible for any profit or loss caused by you. And these targets may or may not work so we will not be responsible for targets also.

BankNifty Chart

Bank Nifty technical analysis for option trading

OBSERVATION:

• If the Banknifty opens a small gap-down or flat and breaks 35100 level then our first target will be 34800 and the second target will be 34600 or 34400.
• As we can see in the given chart our first target was hit.
• You can check here our today's targets.

Bank nifty targets for options trading:

For Upside:

• If the Banknifty opens a small gap-up and breaks 35200 level with a strong candle then our first target will be 35550 and the second target will be 36000. only when the 35650 level will break.
• For more targets, you can check in the given chart.
• Trade with strict SL.

For Downside:

• If the Banknifty opens a small gap-down or flat and breaks 34650 level then our first target will be 34800 and the second target will be 34400 or 34100.
• Trade with strict SL.

Trading setup for tomorrow 

• Don't trade at the beginning of the market, let it make price action or wait for 5,15 min candle.
• Avoid large gap-ups and gap-downs.
• All the levels in the chart will act as resistance and support, hope you understand.
• Trade with strict SL.

Disclaimer:-  All the information on this website is for educational purposes only, please do your own analysis before taking any trade. If you wish to trade in any of these, consult a certified investment advisor first. We will not be responsible for any profit or loss caused by you. And these targets may or may not work so we will not be responsible for targets also.