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Market View 20 Mar Nifty closed at lowest point of the day w | Chase Alpha | SEBI Registered IA

Market View 20 Mar

Nifty closed at lowest point of the day with weakness from IT Sector. Morning opening having a bounce which may not sustain and have a pullback

Nifty Support at 21800 and resistance at 22000, Opening moves may be volatile. Closing Session will be Interesting.

Nifty 22000 Call writers have added Huge OI of 1Cr as resistance OI ahead of FED event

Nifty Straddle of 21800 at 205


BankNifty is having expiry and recently many key benchmark expiries keep the index calm.

But its Banknifty and we have to keep wide range of 46000 and 47000

Banknifty 46500 Straddle at 445

Banknifty next support at 45600 on sustaining and break of previous day low.

https://rb.gy/x1o6hk