Banknifty March 3rd Week Analysis

Banknifty is looking out of trend. We can expect upside in the upcoming week with the condition that it should successfully cross and sustain above 48490 . Upon crossing this week, we can expect levels upto 49000-49200. On the downside, there are important short covering levels which are 47364 and 47130, and support levels are 47865-47630.