MARKET WRAP FOR NIFTY & BANK NIFTY
Nifty:-
Today nifty was open gap down at 8489.50, and for whole day it was in down phase due to rising crude prices and falling rupee, today was the expiry for March contracts as well and it was a negative month for nifty and nifty had been fallen 3.9% in whole month.
In technical indicators MACD and RSI both are showing nifty will be down for next day and in daily chart there is a trend line if it will break down then nifty will go up to 8000-7900, so there will be a strong support on 8300 in short term. And resistance will be near 8500.
Bank Nifty:-
Today Bank nifty was open down at 18190, and for whole day it was in down phase due to rising crude prices and falling rupee, today was the expiry for March contracts as well and it was a negative month.

Support levels- 17600, 17200
Resistance levels- 18000, 18200

Stock Recommendation:-
Nifty:-
Date and Time 26-03-15
Call: SHORT
CMP: 8342.00
Initiation Level: 8328
Book Profit (Level 1):
8290
Book Profit (Level 2): 8200
Stop Loss: 8400
Conviction Level; moderate risk
Reason: CORRECTION
Short term Trend: CORRECTION
Medium Term Trend: DOWN
For the investor: LONG IN DEEP
For Aggressive Traders: SELL ON RISE
Support: 8300-8200
Resistance- 8450
Duration: 1-2 Days

Bank Nifty:-

Date and Time 26-03-15
Stock: BANKNIFTY
Call: SHORT
Initiation Level: 17710
Book Profit (Level 1):
17650
Book Profit (Level 2): 17500
Stop Loss: 17810.
Conviction Level: moderate risk
Reason: DOWN.
Short term Trend: DOWN
Medium Term Trend: DOWN
For the Investor: LONG IN DEEP.
For Aggressive Traders: SELL ON RISE.
Support: 17600-17400


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