Bank Nifty Weekly Review Feb 21 - Feb 25

 Lets check out how our levels worked out last week. All sell side targets done and once price took support @ 37000, blasting upside movement happened. Now lets see what will happen this week. Will the sell off continue this week?

Price is now trending in a downward channel & any pull back is an opportunity to sell if the pull back is happening at the upper trend line of the channel. Sell below 37520 for the targets 37400, 37260, 37120, 36960, 36800, 36660 and 36480.

Buy above 37660 for the targets 37800, 37960, 38140, 38400, 38580 and 38740. OI day is showing bearish sign. Anyhow how OI will build up on monday will decide the direct. Total call 19.4 M & Call change 4.3 M. Total put 16.5 M & put change 5.3. PCR is 0.9.

Wishing you all a healthy mind & body. May the lady luck be with you always...

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