BASIC2BEMISAL | NIFTY I BANKNIFTY | BTST 📶☺️👍

BANKNIFTY 33400 PE 17TH MAR. @185-200 (ZONE) STOPLOSS:- 130 TARGET:- 🎯 270-350+

*Indian Equities Pre Open Update* Indian equities expected to open with tepid note on back of the mixed performance from global peers. *Global Peers Update:* Asian shares remains volatile, US futures advanced and oil slipped on hopes for progress in Russian-Ukraine peace talks even as fighting raged on, while bond markets braced for rate rises in the United States and UK this week. *Sectors to Watch:* Selective Banks, Pharmaceuticals and Defense stocks to remain on focus and while Energy, FMCG and Auto ancillaries stocks likely to remain resistive during the day. *SGX NIFTY Price* 16575.0 Change: -74.0 Points, Percent Change: -0.44% *Technical Levels: Nifty Near Future* *Support*: 16492.0/16420.0 *Resistance*: 16707.0/167786.0 *Technical Levels: Bank Nifty Near Future* *Support*: 34152.0/33888.0 *Resistance*: 34904.0/35174.0

Indian Market Opening Expected Negative between -55 to -75📉📉📉

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*Indian Equities Pre Open Update* Indian equities expected to open with flat to negative on back of the weak cues from the Asian peers. *Global Peers Update:* Global share markets slid as U.S. inflation hit almost 8%, making it almost certain the U.S. Federal Reserve will raise interest rates next week, and the European Central Bank sped up the end of its massive stimulus program. *Sectors to Watch:* Paints, Healthcare and FMCG stocks to remain on focus and while Technology, Auto and Financial stocks likely to remain resistive during the day. *SGX NIFTY Price* 16514.0 Change: -56.0 Points, Percent Change: -0.33% *Technical Levels: Nifty Near Future* *Support*: 16456.0/16368.0 *Resistance*: 16642.0/16720.0 *Technical Levels: Bank Nifty Near Future* *Support*: 34124.0/33880.0 *Resistance*: 34792.0/34995.0