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Nifty Bank FrameWork 10th March 2022

NSE:BANKNIFTY   Nifty Bank Index
After a global stability in Ukraine Russia Crises, we saw markets back into a positive momentum yesterday. Following which European and US markets also performed above expectations. Further market sentiments are positive in INDIA because of election results to be announced today. Last day we saw NIFTY settle for 16345.35 while NIFTY Bank settled for 33891.25.
Foreign Institutional selling still at tit higher end in India with Net FII sell recorded yesterday was at 14189.51.

Today we expect to see up trend in the market as an correction / retracement of long going downtrend. The Level of Support and Resistance have been marked

Level for Today

Short Below 33500
Long Above 34250

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