BankNifty Aiming for 24k strong Resistant Zone// 11th March 2020

While I am updating this , same time US Markets are down by 7-8% and were trading at lower circuit. Definitely this selling pressure will be pass on to Indian Markets. But good thing is we have a Holiday ahead and many things will depend on Tuesdays global scenarios. But any how Bank Nifty is preparing to touch 24000 levels. Thursday's Expiry below 25000 expected. 24000 to 24500 levels are strong support zone for Bank Nifty and any positive intervention from Federal government will trigger short coverings.

IMPORTANT NOTE: Let's hope for best and keep washing your hands to combat COVID - 19. BANKNIFTY

Comment:

US Markets did a summer salt today compared to yesterdays session. We will see a positive impact of same here , if Bank nifty manages to sustain above 27150.... join the positive rally .... good luck