After a solid start, Bank Nifty registered an intraday high of 34,361; however, it fell from grace and declined sharply by 600 points from the day’s high.

Monday’s trading session turned out to be a marvellous one for Bank Nifty as it closed with gains of over 1 per cent i.e. above the sloping trendline resistance and marked its highest closing level after June 13.  

Bank Nifty has closed flat to negative on a weekly basis. On the weekly chart, it has formed a bearish candle as its closing was below the opening level but carries a long lower shadow, which indicates buying demand at lower levels.

Bank Nifty was observed to be resilient on a monthly expiry day as it gained nearly half a per cent.

On Tuesday, Bank Nifty ended with a loss of half a per cent. It opened at 33,578 and closed at the level of 33,642. 

Bank Nifty found resistance around the 20-DMA and thereafter, it declined 400 points from the day’s high before settling with a modest gain of over half a per cent.

Bank Nifty has formed a long-legged small body candle. After over 800 points of volatility, it failed close above the 8-EMA.

Bank Nifty on Wednesday closed in negative terrain and confirmed the previous day's shooting star candle. It has also moved below the previous day's low during the day.  

Bank Nifty opened around the 33,000 mark and made a low of 32,800 but at lower levels, buying interest was seen.

Bank Nifty moved above the prior day's high but it failed to sustain at higher levels as profit booking emerged at higher levels.  

After a sharp decline, Bank Nifty was able to close in the green on Friday. It closed at the lowest level after May 2021, which is below the prior swing low.

Bank Nifty ends its three-day losing streak on Wednesday and settled with minuscule gains of 0.08 per cent for the day.