Banknifty March 4th Week View Nifty Bank IndexNSE:BANKNIFTYIshanMathur05Banknifty also shed all weekly gains like nifty and gave negative closing on weekly basis. More uncertainty looms over banknifty in the upcoming week , current weekly close at 53,427 is near to a support zone ,which is placed between 53,221 to 52990. If banknifty sustains above this support range then we can expect a relief from this bearish trend and it may test 55,207 to 55,485 zone in the upcoming week. But if banknifty breaches this support range then we can expect down move to continue and it can slip upto 52,481-52,250 zone. All levels are marked in the chart posted.