Banknifty March 4th Week Analysis

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Banknifty is looking positive and it can continue this rally, especially after crossing and sustaining above 50730. On the upside, we can expect levels upto 51400-570 . If it fails to cross or sustain above 50726, then it can remain range-bound, and we can even expect a small retracement of the recent rally. An imp level for short covering would be 50178. With different support levels placed at 503838 and subsequently at 50041-49835, all levels are marked in the chart posted.


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