As per trend analysis Bank nifty has seen bounce earlier in March'23 and November'23 it works as powerfull support given big moves in longer time.
Also trend also comfirms that buyers are still intact to make bounce in addtion to that we can see a wick reversal pattern is also seen on daily time frame.
Which also confirms buyer strength and also bank nifty has hold tightly on 25th Jan'24. which can lead a goods movement day keeps eyes on opening of Bank Nifty.
On Smaller time frame buyer have tried to make movement in last hour which also give hint for trend day.
Still beware of traps & avoid false breakouts enter on restest only And also keep note it can also fall from support as more the retest at support zone makes it weaker.
Note : Do your own analysis before making any trade or investment decesion all post are for study purpose.