Banknifty March 2nd Week Analysis

Banknifty can remain subdued throughout the week. I expect positive bias as long as Banknifty sustains above 47960. If it breaches 47960, then we can expect a slight negative move in Banknifty and it can drift to 47700 and below. The upside is expected only above 48908. If it successfully crosses and sustains above 48908, then we can expect momentum to continue up to 49740-50097.