As we have seen today Bank Nifty really tried to break its level at 30875 but couldn't break it so from before COVID also 30875 has been important support resistance and support level. So since the banking sector is weak today and news of HDFC bank and other news combined hints toward the short position in bank nifty.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.