Bank Nifty - Pre-Market Analysis Mar 06, '25

Holding Key Support (48,000) for the time being, the bounce couldn't have come off at a better time. Given the recent consolidation in the index, we did not see large-cap banking stocks participating in yesterday's rally, which can change in today's session should the broader market continue its upward run. On the daily chart, the short-term trend remains neutral, and major resistance comes in at 49,500 followed by 50,000.