Bank Nifty is going to test the long term trend line again, if it holds we can expect another rally like last time but if it breaks then we will see a significant fall in Bank nifty. Volume profile analysis is also suggesting a P shaped profile which means that maximum volume has taken place at the top of the range & usually smart money(institutions & pros) usually take trades at the top or bottom of a trend.
Comment:
Close below the trend line will mean sell on rise for Bank nifty
