Bank Nifty has been under performing Nifty from past few trading sessions and if Nifty wants to get out of the range of 6070 than we will require the help of Bank Nifty.
As financial form the major component of Nifty we require there support for getting out of range.
Bank Nifty Daily Chart
Bank Nifty is forming a Higher Low and Lower high kind of formation with an ascending triangle formation.
Till Bank Nifty is unable to close above 5 EMA 11,373 and 5 EMA HIGH 11,515 Bank Nifty will remain in Downtrend only.