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Nifty and BankNifty Chart for 2nd March 2023

 Market Context -  Bullish. 

Bank Nifty is bullish and can give a decent move on upside. Nifty is still below 200DMA and its dragging the other indices down.

Nifty50 - 

Nifty is still sideways to bullish. Expecting it to go upside for short time period. Above PDH(previous day High) target can be 17580 and 17700. 

Chart for reference- 




BankNifty-  

Tomorrow if Bank Nifty open flat to small gap up, the chances are it will move upside above 40700 and we can see the levels up to 41200. 
Incase any gap down, the zone(40580-40700) marked in below chart will act as a support, below which we can see levels of 40350 again. 

Chart for Reference- 



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