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...
NIfty 28 July Expiry Plan...
there is swing from nifty nifty show up momentum
so if market open gap down tomorrow then those buyers
who bought at last swing will get trapped and try to exit
their trade and can take new entry toward sell side
even sellers get start to sell whcch cause panic selling