As long as FII's are fueling the stock market, the banks will perform good and then the earnings time will come which will give it more boost. The only problem is DII's pulling the money from the market. follow my website for more detailed view.
This indicates that there was a significant sell-off during the week, but that buyers were able to push the price up again. The large sell-off is often seen as an indication that the bulls are losing control of the market.