Banknifty March 1st Week ViewNifty Bank IndexNSE:BANKNIFTYIshanMathur05Bank Nifty is currently trading at a critical junction and appears ripe for a decisive move in the upcoming week. Due to escalating global tensions, market participants should prepare for high volatility. Bearish Scenario (Downside Levels) If Bank Nifty breaches the 60,116 mark, it is likely to test the immediate support range of 59,625 to 59,304. Should the bears further tighten their grip on the market, the index could retrace further down to 58,500. Bullish Scenario (Upside Levels) On the upside, if the index manages to cross the base resistance range of 60,879 to 61,084, we can expect the upward momentum to continue toward the next major resistance zone of 61,946 – 62,233. Note: All Support (S) and Resistance (R) levels are clearly marked on the accompanying chart.