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Bank Nifty - Is it time for short covering?

Long
Nifty Bank Index (NSE:BANKNIFTY)  
MaverickTrade_  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis
1
0
trendanalysis
Bank Nifty is looking to prepare for some short covering. Move possible till 30000 to 30100 before further shorts start building

30000 - 30100 will likely act as a resistance zone, which was previously a strong support zone. HDFC BANK, ICICI BANK and SBIN are top banks which can pull up bank nifty in coming week.

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