Bank Niftyindex after being resisted twice at the 87.5% level has fallen nearly to 50% levels at 47363.55 with lows around 47410 to 47225 levels on the hourly chart. Bank Nifty Index leading the correction compared to Nifty 50 after ATH formed. Both indices have retraced down and taken support at 25% levels respectively. The 75% level at 47791.75 has acted as resistance for yesterday. So watch this level for decision making for trades ahead.
Happy Trading !!!
Happy Trading !!!