Bank Nifty closed below its prior swing low; what next? Bank Nifty closed below its prior swing low; what next? Bank Nifty futures volume indicates massive selling pressure. Karan Dsij / Friday, June 17, 2022 / Article rating: 5.0 On Thursday, Bank Nifty declined by a humongous 722 points or 2.17 per cent. With this sharp fall, it closed below its prior swing low, which was last marked in mid-May.