Bank Nifty was relativity underperformer though opened 200 points higher at 41925 & immediate basis high printed at 41979 but failed to cross the Budget day’s high of 42015 and slipped from there. Erasing day’s all initial gains low printed at 41522 & finally settled at 41631 down by -100 points & formed a bearish candle on the daily scale.
To maintain the uptrend it should hold 41500 level to make an up move towards 41850—42050--42150 and 42300 levels, while on the downside, support is expected at 41500/400 & then 41200 levels. Major 40950.
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