Banknifty key levels for Jul 29th 2021

Banknifty Key Levels for Jul 29th 2021 - Overall View mild Bullish
Key points:
HDFC Bank Which is heavy weight in Banknifty is now clearly in Bearish mode. Also bearish set up seen in Axis Bank & Kotak Bank - This can hamper the up move of the Banknifty (And even NIFTY)
ICICI after mild consolidation showed a good bullish signs in today's trade (28th Jul) and hopefully this will help in bullish move of Banknifty
Indusind Bank good results and good buying shown today which might continue tomorrow and this should help banknifty upward movement
RSI (7) just closed above key 65 level in the last 15 mins candle today which indicates upward momentum.
Consolidation seen in last two of hour trade today in banknifty and in the last hour, it has entered our buying box. If gap up above buying box happens, then we could see 200-250 points up move
Major resistance seen at 34750 and crossing 34850 can only confirm strong bullish trend in banknifty. Keep an eye on trendline marked as well