Bank nifty looks weaker than Nifty as it has crossed all major moving averages,nifty is still over 50 DMA.
Last support is seen at 26700 which should hold well.
SBIN looks very Bearish, Fresh short positions have been created in KOTAK.
20 point downside in HDFC Bank till it touches 100 DMA.
ICICI Bank should get support at 400 levels, if it doesnt will drag bank nifty down.
Indus ind bank has broken traingle pattern and is looking very bearish.
Axis bank has entered channel again and has further down side.
Overall i assume that 26700 can be reached before a fresh upmove starts.
Last support is seen at 26700 which should hold well.
SBIN looks very Bearish, Fresh short positions have been created in KOTAK.
20 point downside in HDFC Bank till it touches 100 DMA.
ICICI Bank should get support at 400 levels, if it doesnt will drag bank nifty down.
Indus ind bank has broken traingle pattern and is looking very bearish.
Axis bank has entered channel again and has further down side.
Overall i assume that 26700 can be reached before a fresh upmove starts.