● Bank Nifty opened negative and witnessed selling pressure towards 31250 zones. It finally negated its formation of higher lows after eight consecutive sessions which implies some pause in positive momentum. It formed a Bearish Candle followed by a Hanging Man candle on daily scale which suggests that follow up is missing at higher levels
● Now Bank Nifty has to hold near to 31150 zones to witness an up move towards 31500 then 31750 levels while major support exists at 31000