Turning to Bank Nifty, it presents an intriguing scenario. The index slipped below the 200-Day DEMA and formed a bearish head and shoulder pattern. However, the recent low around 42,000 serves as a critical trendline support. If there's a market reversal from this point, Bank Nifty could lead the way due to short-covering and value-based buying. To the downside, 42,000 and 41,500 are important support levels to monitor.