BANK NIFTY again tries to clear target 11 unsuccessfully.

for the last three days attempts of bank nifty to clear target 11 becoming futile.
effect of budget seems to be fading out
it closes just below 20 period moving average in hourly chart which is negative for it.
it seems some pull back possible in case of bank nifty too unless some clear positive global clues.
results of most of the major banks are out extra factor to bank nifty to push further seems to be not there right at this time.
as it has closed below the 20 period moving average in hourly chart first task for it to establish itself to
close above it in hourly chart.
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