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Bank Nifty formed Bearish candle on Daily TF

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis bankniftytradesetup bankniftytrend bankniftyview niftytrend
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The Index started the week on a positive note
But BNF showed lacklustre trend in next 2 days
The Index faced pressure from HDFC Bank

As long as Index remains above imp support of 47k/47200
it can show rebound towards next resistance level

However in case of Bearish Pattern at higher levels,
the index can come back to prev week range

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