BANKNIFTY - 15 MIN - FOR 16/03/2022 TRADE SETUP

Hello Traders,

As we expected BANKNIFTY can't sustain above PREVIOUS WEEK HIGH - 35375.

And most importantly ----- 35000 level was broken and PRICE closed below that level.
In NIFTY also ----- 16800 level was broken and PRICE closed below that level.

So may be this is a sign of BEARISHNESS.


IMPORTANT LEVELS ------> 35000 --- 35375(pre week high) --- 35600.
------> 34625(week's low) --- 34400 --- 34000.


1) Only when BANKNIFTY break & retest PREVIOUS WEEK HIGH --- 35375, GO LONG.

TARGET -----> 35600.

2) Only when BANKNIFTY BREAKDOWN this week low --- 34625, GO SHORT.

TARGET -----> 34400, 34000.

Do comment your thoughts ...

Thank you<3.