#NIFTYBANK Analysis for 06/03/2025
Market Outlook:
• Expecting a gap-up opening tomorrow.
• Bank Nifty is highly oversold and has shown a strong bounce from a triple bottom on the daily timeframe.
• The focus will be on buying opportunities on dips, as long as key support levels hold.

Key Levels (Spot Chart):
✅ Resistance Levels:
• 48,620 → First upside target.
• 48,800 → Major resistance; price action here will decide further momentum.
✅ Support Levels:
• 48,450 → First strong support.
• 48,250 → Deeper support level.
• 48,125 → Crucial support; breaking below may shift sentiment.

Trading Plan:
🔹 Bullish Strategy (Buy on Dips):
• Plan to go long (buy calls) if Bank Nifty pulls back to 48,450 / 48,250 / 48,125, targeting 48,620 & 48,800.
• Rationale: The triple bottom formation suggests a potential reversal, favoring a buy-on-dips approach.
🔹 Profit Booking & Re-Entry Plan:
• If Bank Nifty reaches 48,800, exit all long positions to secure profits.
• Re-enter long trades only if price sustains above 48,800, confirming further bullish momentum.
Key Takeaways:

✔ All levels are from the spot chart.
✔ Plot them on your chart for precise execution.
✔ Stay patient and follow price action at key levels.

Trade smart, stay disciplined, and let the market come to you!