Bank Nifty has broken the major support at 38380, the lower trendline and 50 EMA. PSAR has also turned Bearish. With COVID Mutant Variant spooking the markets, it could further pull the marker down. Bank Nifty can find support near the support zones listed in the chart or EMA or Base Lower Trendline and bounce back. Failing to do so can further cause correction in the index. Plan Your Trades Accordingly.
So as of now we can see weakness in Bank Nifty in the shorter term.
So as of now we can see weakness in Bank Nifty in the shorter term.