The hourly chart of Bank Nifty
future suggesting that it is in a downtrend and in today trading session it may drop
the Index future price lower to 26316/26263 zones. There will be an alternative scenario expected towards upward direction if the price breaks 26438 upward then the index move directly towards upward price level 26555 to reach the upward channel. Selling opportunity arises below 26316 with a target of 26263 or below price. If the market fails downward direction then you can plan for a buy trade above 26438 following with target of 26555 or higher price level......
Mr AUROBINDA ACHARYA
(Chief Analyst TradeMan Research).