Nifty, Bank-Nifty Prediction Forcast
Stock Market Data- Our goal is to provide the Nifty and Bank Nifty support and resistance level and trade data of FII and DII on daily basis at one place. Please have a look and set your goal for tomorrow.
Today both Nifty and Bank Nifty opened gap-up and formed a Green candle.
If we talk about Nifty, It closed above the 200-ema and it break the previous candle’s high so mementum is bullish here. It has 20-ema resistance at level of 17050 which is slightly weak. Same candle is formed in Bank Nifty, it also break the previous candle’s high so momentum is bullish here also. But in Bank Nifty it’s trading just below the 200-ema which is at 36030, it can be a resistance for Bank Nifty. Be cautious at this level.
At this level, If Nifty and Bank Nifty are in Bullish trend and showing good recovery.
Based on the data, market may open gap-up and chance of closing up is high. Do your research and take your own decision.
| Nifty on 16 March 2022 | Key Note | Strength |
|---|---|---|
| Crucial Support for 17 March | ||
| 1st Support | 16900 | Weak |
| 2nd Support | 16850 | Strong |
| 3rd Support | 16765 | Very Strong |
| Crucial Resistance 17 March | ||
| 1st Resistance | 17100 | Strong |
| 2nd Resistance | 17200 | Weak |
| 3rd Resistance | 17250 | Very Strong |
| Bank Nifty 16 March 2022 | Key Note | Strength |
|---|---|---|
| Crucial Support for 17 March | ||
| 1st Support | 35340 | Strong |
| 2nd Support | 35000 | Strong |
| 3rd Support | 34750 | Very Strong |
| Crucial Resistance 17 March | ||
| 1st Resistance | 35950 | Weak |
| 2nd Resistance | 36260 | Strong |
| 3rd Resistance | 36680 | Very Strong |
| PCR Weekly Expiry 16 March 2022 | Ratio |
|---|---|
| Script | |
| Nifty | 0.84 |
| Bank Nifty | 0.95 |
| Sentiment- Bullish |
| PCR Monthly Expiry – 16 March 2022 | Ratio |
|---|---|
| Script | |
| Nifty | 1.47 |
| Bank Nifty | 0.95 |
| Sentiment- Neutral |
| FII DII Position – 16 March 2022 | Buying/Selling |
|---|---|
| Cash | Net Value(Cr) |
| DII | +772.55 |
| FII | +311.99 |
| Future | Net Value(Cr) |
| FII | +1,822.84 |
| Options | Net Value(Cr) |
| FII | +4,035.41 |
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