Daily: Gap filled. Bullish engulfing candle seen with good volumes. 50EMA and support line (at 735 INR) should be a good base. 4 Hour chart: took support at 50EMA. In general, on Bank Nifty index chart - a doji seen at bottom levels, indicating a potential for turn around. 38350 - 38390 levels should act as a strong support levels. Technically, that's a double bottom pattern.
Entry = around 772 INR Sl = below support ie, approx. 730 INR Target = 860 INR RR = 2.08