NSE:BANKNIFTY NIFTY BANK
Notice that we have marked a very scenario on the index. We believe that the budget can be a vitamin for the expected move. The index has been displaying strength & have hold on to an important on the chart. 30500 is a very important for the index, if it holds here then a good move up is possible. Below this a sharp correction may grab the banknifty . The is into positive to sideways zone while has tripped into zone. Holding the 30500 levels the index may move to 31900, 32800 & 33200 zones. 31160 is a minor resistance.