Bank Nifty - Pre-Market Analysis Mar 05, '25

Inflection Point: Prices testing range support near 48,000. Large-cap banking stocks have been immune to a major correction thus far (ICICIBANK and KOTAKBANK particularly), and there is a good probability of these names leading the next leg lower. On the Bank Nifty chart, a close below 48,000 may align the short-term trend with the intermediate-term trend (negative), opening the door to a new leg lower towards 45,500 (the next downside target). Stay tuned.