Long Bank Nifty

-> Bank Nifty was in a sideways zone since a lot of time
-> it broke out of the sideways and is probably going to resume uptrend
-> Bank nifty has retraced to 0.618 fibo levels
-> it is taking support at 200 EMA
-> Previous Resistance looks like turning into support now

* Possible Long entry , if it breaks downward trend line

Note : This is just my personal view on bank nifty , take trade on your own risk