BANK NIFTY FOR 02 MARCH 2025
Market Structure & Observations
Downtrend with Weak Pullbacks
The price has broken below multiple resistance levels and is now struggling near 48,262.50.
Weak pullbacks suggest bearish momentum remains strong.
Critical Support Zone: 48,069.85 – 47,925.60
If price sustains below 48,262.50, it may test 48,069.85.
A further breakdown could push the price toward 47,925.60 and 47,673.20.
Bullish Recovery Possible Above 48,583.55
A strong close above 48,583.55 (Breakout Level) can trigger a bullish move toward 48,656.90 and 48,786.95.
However, resistance remains strong in that zone.
Downtrend with Weak Pullbacks
The price has broken below multiple resistance levels and is now struggling near 48,262.50.
Weak pullbacks suggest bearish momentum remains strong.
Critical Support Zone: 48,069.85 – 47,925.60
If price sustains below 48,262.50, it may test 48,069.85.
A further breakdown could push the price toward 47,925.60 and 47,673.20.
Bullish Recovery Possible Above 48,583.55
A strong close above 48,583.55 (Breakout Level) can trigger a bullish move toward 48,656.90 and 48,786.95.
However, resistance remains strong in that zone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.