Price action Vs Other cues

This is a clear battle between the price action and other global and local cues. The surging covid cases is a threat for sure. That is one main thing pulling the bulls back. Bank Nifty seems to be bearish. 32,325 is the first main resistance, breaching that level the market could turn neutral from a bearish mode and enter the previous range of 32350 - 33250. BN will turn bullish only above this. a 1000 to 1500 point move is not a big deal for BN these days.

Key levels :
Support : 31887 | 31604 | 31020 | 30520
Resistance : 32245 | 32323 | 32554 | 32833

PS: This is purely my view and i have all the right to be wrong. Please do your study before entering any trades.