1 hour chart has broken the trendline and now trendline is acting as a strong support.
If the trendline is not broken down, then bulls will carry the prices towards 4300.
Stoploss 4140.
Compared to bank nifty, nifty seems bullish as the ascending weekly CPR confirming the uptrend.
15600 remains a strong support, breaking the 15850 levels may elevate the price upto 16k levels.
Banknifty is struck between the downward parallel channel, if you want to go long in bank nifty first it should break the upper trend line.
Second, it has to moved and sustain above the weekly CPR levels (35,300).
If these two condition met in upcoming days, one can go long in bank nifty, otherwise the price can drag down to 34400, 34000 levels.
