Banknifty last close: 41251.35 (+2.1%)
On Friday, Banknifty was rallied more than 2% and seen strong closing
Banknifty was opened 40670 and went to 41390
All bank stocks was rallied
PSUBank index rallied 5.5% on Friday and rallied 9% in the last week
Private banks did well on Friday
VIX ended around 12 almost 2-year low
Banknifty weekly trend decider 41500 and 40300
Friday Banknifty was formed a big bullish candle which was positive sign
However, Banknifty is facing a intraday resistance 41400 and 41520
If breaks and manages above 41520 will try to move 41700
On other side, Banknifty can be considered as supports as 41200, 41030 and 40800
Updated: 08.37 am / 06th March 2023
