Market View 18th Mar Market is going into Pre election Mode after announcement of Election Schedule over weekend
Nifty has good support at 21800 and has been following a pattern of remaining weak in first half of the month and closing at high of the month.
Good to watch for market to hold previous low as support in 21800-21900 zone and resistance at 22250-22300 zone
Range breakout on either side will give a fresh extension of upto 400 pts
BankNifty is weaker than Nifty and had a closing below previous weak low which remains to go sideways if Nifty is leading the move with IT
Banknifty range to watch is 46300 and 47200 with next support at 45600 and 47800 on break of these levels
https://rb.gy/xviv5x
