Banknifty was down on the second half because of the news of NBFC defaulting on the interest payment. Now when the bad news is out it up again. Will wait and watch how it is reacting to the yesterdays high.
Every fall is creating a new low. This, on the other hand, is not allowing bank nifty to create a new high. Better to wait for data to indicate us. Will wait and watch. Some volatility is expected because of volatility.