Bank Nifty is in crucial support zone . The lines in red 18050 to 18200 indicates the importance of the zone. Blue dotted lines shows long term support zone . Bank Nifty should move above all these lines to show it is back for the game. Many traders will have a doubt, this chart shows Head & Shoulders pattern, but still it didnt fall down. Its because price action is above the longhttps://in.tradingview.com/chart/QtD56IkU/ term support zone (blue dotted lines).
@vanathi good analysis