Nifty 50 and BankNifty analysis for tomorrow(21/03/2022)

 Nifty50


Technical analysis of Nifty 50 for Option trading



Nifty 50 targets for options trading:

For Upside:
  • If the Nifty50 opens a small gap-up and gives a strong breakout over the 17400 levels then our first target will be 17540 and the second target will be 17600.
  • Trade with strict SL.
For Downside:
  • If the Nifty50 opens a small gap-down and gives a strong breakout below the 17150 level then our first target will be 17100
  • And the second target will be 17000 
  • 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 17540 and the second will be 17600.
  • 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

Bank nifty targets for options trading:

For Upside:
  • If the Banknifty opens a small gap-up and breaks 36600 level then our first target will be 37000 and the second target will be 37400.
  • 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 36200 level then our first target will be 36000 and the second target will be 35800.
  • 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.


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