Bank Nifty Weekly Outlook for March Expiry

Last Week we gave Chopad Level 21201 Bank Nifty made exact high of 21202 and gave perfect entry chopad followers and made low of 20754 near our last target of 20750 rewarding disciplined chopad followers. As discussed in last analysis  as we enter a crucial time cycle 20-29 March for bank nifty, expect 500-800 points move in next 2 weeks.  Bank Nifty gave 448 points fall as we were expecting in 1 week, power of time cycle. Lets analyze how we  trade bank nifty in coming week as we are approaching March Expiry and Financial Year closing.

Bank Nifty Hourly

Bank Nifty  bounced from the lower end of channel suggesting 20750 will remain strong support and rally can extend towards 21500.

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