Bank nifty has formed channel on monthly chart. it may touch 17200 lower channel in may be FOMC or contract ending
Nifty has taken support at 7950-8030 range and formed big candle at this level and upside formed reversal candle but immediately formed buyer reversal. and taken control of nifty by buyer. so it can be go long up to 200ema at 8285. wish u happy trading