As you can seen in 1H time frame, Bank Nifty
is forming a parallel channel
pattern. And if we find levels, 29800 level is appearing as a resistance. If bank nifty
breaks this level, it can run upto 30200 level. Before it bank nifty
is stuck in a range between 29400 and 29700, if it gives breakout below or above this levels, it can test the channel.