-> Bank Nifty was in a sideways zone since a lot of time -> it broke out of the sideways and is probably going to resume uptrend -> Bank nifty has retraced to 0.618 fibo levels -> it is taking support at 200 EMA -> Previous Resistance looks like turning into support now
* Possible Long entry , if it breaks downward trend line
Note : This is just my personal view on bank nifty , take trade on your own risk