Nifty Bank Technical View

Index saw it's lowest closing in 10 session, ending at 41132, down 500 points. It formed a bearish candle on the daily and the weekly scales.
Bank nifty was whole day in negative note. I remained under pressure and breached the crucial support of 41200-41000 level to slip of the day's low of 40883 later in the day.
If bank nifty will hold below 41250 area, weakness can be seen towards 40700 and then 40600 level, whereas on the upside, the hurdle is expected to be at 41500 then 41750 levels.

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