Whilst a lot of us are pertubed about the movement of the Bank Nifty future and the fact that it is not making new lows along side the Nifty, here’s a chart which explains ..
It’s finding support from the High volume node of the profile dated 17th Jan from where it had launched off to 11280.
If this level gives way then there is a 100 point fall ahead at the minimum.
Meanwhile here is a chart of recent OF action :
