#Banknifty directions and levels for march 22.

22 thg 3

Banknifty closing near where it opened. There is no difference compared to the Nifty structure. If the market finds support around the 38 or 50% Fibonacci level, then we can expect a range-bound market to rally continuation. On the other hand, if it breaks the 50% Fibonacci level, it may turn into a correction phase. We can expect that correction to reach a minimum of the 78% Fibonacci level.