BANKNIFTY - 15 MIN - FOR 15/03/2022 TRADE SETUP

Hello Traders,

TODAY BANKNIFTY broken the 35000 level and NIFTY also broken the 16800 level ---- > Both are very important levels.

Today BANKNIFTY broken the PREVIOUS WEEK HIGH but faced RESISTANCE a little bit and market closed below it with a BULLISH PINBAR candlestick pattern.

**** This indicates a strong Buying pressure in the market. ****

1) If BANKNIFTY Break & retest the PREVIOUS WEEK HIGH ( 35375 ) we can go LONG.

TARGET ----> 35600 , 35800 ....

2) If BANKNIFTY faced RESISTANCE at PREVIOUS WEEK HIGH and only if the 35000 level breaks we can go SHORT.

TARGET ----> 34625 ( PREV DAY LOW ) , 34360.


IMPORTANT LEVELS --------> 34625 ---- 35375 ---- 35600 ---- 35800.


Do comment your thoughts ...

Thank you <3.