Disclaimer My assumption is just for education purpose Consult your financial analyst before taking any investment related decision. 27th June Thursday Bank Nifty had made a shooting star like candle and on 28th Friday bears were successful to push Bank Nifty below Thursdays low and formed a solid bearish engulfing marubozu type candle which shows bearish trend confirmation. But I am expecting a Neutral Range Bound day for bank nifty on 1st of july Bank Nifty 31000 30900 can act as a crucial support level for the bank nifty index Whereas the 31200 31300314000 can act as a resistance level
1 Hour MACD is in bullish range and the price is still trading above 1 hour 50, 100, 200 Exponential moving averages