Bank Nifty Analysis for 17/03/2025
Market Expectation:
📌 Gap-up opening expected due to strong global cues.
📌 48,000 is a key level and strong support.
Key Levels (Spot Chart):
✅ Resistance: 48,270 / 48,450
✅ Support: 48,000 / 47,750
Trading Plan:
🔹 Long Trade:
• Above 48,000, target 48,270 / 48,450.
• If Bank Nifty retests 48,000 and holds, buy with SL 47,900.
🔹 Short Trade:
• Rejection at 48,450, short for 48,270 / 48,000.
• Below 48,000, short for 47,750.
📌 Wait for the first 15 minutes for confirmation.
📌 Trade only if levels sustain.
📌 Stick to stop-loss and risk management.
