Nifty, Bank Nifty, Support, Resistance, Put Call Ratio Prediction 17 March

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 NoteStrength
Crucial Support for 17 March
1st Support16900Weak
2nd Support16850Strong
3rd Support16765Very Strong
Crucial Resistance 17 March
1st Resistance17100Strong
2nd Resistance17200Weak
3rd Resistance17250Very Strong
Bank Nifty 16 March  2022Key NoteStrength
Crucial Support for 17 March
1st Support35340Strong
2nd Support35000Strong
3rd Support34750Very Strong
Crucial Resistance 17 March
1st Resistance35950Weak
2nd Resistance36260Strong
3rd Resistance36680Very Strong
PCR Weekly Expiry 16 March  2022Ratio
Bank Nifty0.95
Sentiment- Bullish
PCR Monthly Expiry – 16 March  2022Ratio
Bank Nifty0.95
Sentiment- Neutral
FII DII  Position – 16 March  2022Buying/Selling
CashNet Value(Cr)
FutureNet Value(Cr)
OptionsNet Value(Cr)


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