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Bank Nifty EOD Update Mar 21

Bank Nifty corrected today and low made was 20967, closed at 21019. Daily close below 21100 is bearish signal though Bank Nifty closed above psychological level of 21000.
The possibility of completion of correction is high as Index bounced back from brown channel line. If so we should see sharp up move in next 2-3 days towards 21500/21800.

Tomorrow above 21050 target is 21140/21240. Below 20990 target is 20900/20800. 

Solar Cycle:
New major solar cycle is starting Tomorrow (Mar 22). Hence we may see some sharp moves in 2-3 days.
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