Bank nifty tested lifetime highs of 40000 & then retraced back amidst strong CE writing at 40000. Technically the Candlestick pattern formed today is not good & a move below its low can trigger some panic selling in the Index & Bank Nifty can retrace back towards 39217-38880in short period of time however if the Index sustains above 40088 it can scalp new highs of 40241-40457.
