Bank Nifty is the favorite index of those traders who are looking or expecting a quick profit from the market. It has a high volatility. And this is the characteristic that is more appealing to intraday traders.
As per our technical analysis a crucial level for bank nifty hourly is going to arrive very soon.
If we have seen the previous patterns the last session ended up with the bullish mode together with some corrections within the channel. Based on the current price action it is to be expected that the market will continue with the bullish momentum.
This scenario is affecting Bank Nifty stocks.
For the right or clear conditions, we need to wait patiently for the correct scenarios and then wait for the price to go back or fall into the price we want to trade.