Fed has to pause the rate hike with dovish commentary else USA will see more banks going down the drain. House affordability in USA is at absymal low level.
We need to see if Chinese premier can broker peace between Russia and Ukraine. For this to happen than USA need to give pause to its defence machinery sale.
Wanna make money on stock market than none can beat our bank nifty option tips on a daily basis.
Bank Nifty Spot View For: 21/03/2023
Cmp: 39361.95
Support & Downside Range: 38938
Resistance & Upside Range: 39650—39700 zone, 39915--40270
Short Term Trend Reversal Level: --
Trading View: bank nifty is stuck in a triangle it has support placed at 38938 and resistance placed at 39650—39700 spot zone break of either side will get a fresh move , break above 39700 move will get extend towards 39915 to 40270 whereas on downside break below 38938 selling will resume towards 38600—38300 spot levels.
Banknifty live update cmp 39950 a daily close above 39915 spot opens door for 40270 to 40450 minimum and max 40700 on this move once we get this close downside 39650—39600 will act as strong support
