New Delhi, March 18 -- The Bank Nifty index traded higher on Tuesday, driven by gains in key banking stocks, including ICICI Bank, Axis Bank, and HDFC Bank. The index surged 0.7%, surpassing the 48,700 level and extending its positive momentum from the previous session.

Market analysts indicate that if the Bank Nifty index sustains above the 48,250 zone, it may continue its upward movement towards 48,500 and subsequently 48,750 levels. On the downside, key support levels are identified at 48,250 and 48,000.

According to Axis Securities, the highest Open Interest (OI) concentration on the Call side is observed at the 49,000 strike, with additional resistance levels at 49,500 and 50,000. On the Put side, significant Open Interest is seen ...