#Banknifty directions and levels for FEB 28
Banknifty is still a little different from Nifty. If the gap-up sustains and breaks the immediate resistance (50%), then we can expect further continuation. However, if it rejects around the immediate resistance (50%) or if the initial market takes sharp declines, then we can expect a range market. The correction will occur only if it breaks the previous swing low.
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