NIFTY some pull back possible.

Mar 19

As from the chart there may be some pull back possibe
both nifty and bank nifty as long as 21807 holds.
if unable to hold 21807 ,it can slip to 21717.
Greater chance of pull back is there.
It seems A wave is completed and bounce for B wave is possible.
In any case 21807 should be stop loss.
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Mar 21

Note

Mar 21

Note

22030 is likely to be touched.it should offer resistance,
22221 is important level .
There will be sigh of relief if does not break below 22030.
Please remember it is B wave pull back.
Normally it pulls back 38.6 percent of A wave as it is not a flat correction.
In flat correction B wave can pull back 61.8 percent.
In expanded flat it goes beyond A wave.