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Banknifty - Weekly Prediction & Intraday Level for - 06 Mar 2023

Short
Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Supply and Demand Pivot Points BANKNIFTY bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftyweeklyanalysis bankniftyprediction
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supportandresistance supplyanddemand pivotpoints banknifty bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftyweeklyanalysis bankniftyprediction
Bank Nifty Weekly Analysis:

When comparing with Nifty, Banknifty looks Bullish for short term however I could see strong resistance at 42000 level.

My view this week is Bank Nifty will test 42000 and then it will take reversal downside and may trade in range between 42000 & 39500.

If any close above 42000 - we can see 42700 will be tested. I will look to BUY only daily close above 42000 . Otherwise every new high is a SELL opportunity for 40200 target

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