#Banknifty directions and level for September 3rd.

Bank Nifty

Current View:

There is not much difference compared to Nifty sentiment. If the market opens with a gap-up or if it finds support around the 38% Fibonacci level or the demand zone on the downside, the range-bound market is likely to continue.

Alternate View:

If the correction takes a sharp decline and consolidates or breaks the demand zone, it could fall further to the 78% Fibonacci level or to the swing low.