Market View 19th Mar Nifty is Trading Rangebound with support in 21800-21900 zone and resistance at 22250-22300 zone
Expiry and holidays next week is squeezing the range to keep it extremely rangebound with no follow up direction, its good to range breakout on either side as market is very mean reverting.
In mean reverting, market is very choppy where low qty is to be Traded with very few trades in the session.
BankNifty is made a new low with spike down till 46000 which is a new support
With Lack of followup of downmove it recoverd 700 points till previous session high with volatility.
Banknifty resistance at 47000-47200 Range.
Banknifty next support at 45600 on sustaining and break of previous day low.
https://rb.gy/ebe07v
