The chart is clearly indicating, that Bank Nifty continues to 1. Take support at 21000 - 21500 range ( see my fibo analysis from previous post ) 2. It tried to cross the 48EMA channel ( consider it a like a yearly average ) but hit resistance at upper end of channel which also coincides with another weekly low in March.
If going long the trade appears favorable from a risk reward perspective as follows Current : 22479 Max down side as per support 21000 Resistance : 25000