BankNifty Conviction Idea for March 25

SGX Nifty is hinting for a gap up opening for #nifty and #banknifty. After a sharp fall yesterday, we hope for a good recovery on the expiry day, however we need to be very cautious for long positions as market is showing weakness more than the strength. With that said, here are some important levels for the day.


Resistance 1: 33500
Resistance 2: 33800
Resistance 3: 34000

Support 1: 33000
Support 2: 32500

If it breaks first support level, we will see a sharp fall of 400-500 points.

Happy Trading :)