Just like Nifty , Bank Nifty is also in a downtrend, the only difference being that Bank Nifty is weaker.

Bank Nifty has also made a Lower High Lower Low pattern. If it continues its downtrend , we should see a continuation of this pattern with 26100-26200 levels being witnessed soon. It may find some strong support at its 200 Day EMA which is also around 26100.
Comment: Bank Nifty has hit the levels of 24800 today, giving us almost 8% returns from the recommended price.
Trade closed: target reached
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