Nifty Bank shows weakness as volatility persists. The index opened with a sharp gap down, falling to 59,148 before recovering to 60,177.50, now trading at 59,820, down 1.17 percent. Technical analysis suggests further downside risk if the index fails to sustain above 60,350. Nifty Bank March Futures could decline to 59,850 without a strong recovery. Intraday resistance sits at 60,100-60,200, while support levels are positioned at 59,550-59,500. The wide trading range of 59,500-60,200 is expected to persist with elevated volatility. A sustained break above 60,200 is critical for upward movement toward 60,500 levels. Traders should monitor the 60,350 level closely as a key breakout point for directional confirmation in this volatile market session.
