26/03/2024
*📊 Market Update*
*🗓 Date: March 26th, Tuesday*
*Good Morning Family ❤️*
🌏 *Global Markets*: Indications suggest a *steady to negative 📉* start for the Indian markets today.
*📈 Market Update*: The market on previous working day was dominanted by bulls. Nifty made a one sided upside rally while Banknifty stood sideways. The global market is last few days reflected a downside momentum after the upmove from FED meeting.
📢 *Expected Movements*: Techincal charts are not very clear. Currently, we are in a consolidation zone and we can continue to remain in this range. For upmove, we need to cross the previous high and for a selling move, we need a clear trendline breakdown.
*📈 Trading Strategy*: Safe traders can avoid to trade today. Overall, my bias is on sell side today. We will look for a minor pull back to enter in shorts, whereas for long side, we must wait for clear range breakout.
⌛️ *Today's Focus*: We will concentrate on spotting trading chances within *Bank Nifty & Nifty*.
*💹 Essential Levels*
* *
● Support: 46580₹ - 46220₹ - 45850₹
● Resistance: 47000₹ - 47230₹ - 47500₹
* *
● Support: 21920₹ - 21725₹
● Resistance: 22210₹ - 22450₹
