● Bank Nifty failed to surpass previous day’s high and declined nearly 400 points to close near its lower band of the trading range near 30600 zones. It formed a Bearish Candle on daily as well as on weekly scale which suggests Bears are holding tight grip at higher zones
● Now till it holds below 31000 zones, it could extend its weakness towards 30250 then 30000 zones while hurdles are seen at 31000 then 31313 zones