Today's candle is bearish with no upper shadow and an insignificant lower one.The close is below the 50 dema and the mauve trendline drawn through the 9939 low. Crucial for the bullish case is support at 9707 on the downtrending channel from which the Bank Nifty broke out in January turning the scene bullish.9758 is the support line of the flag.
Half Hourly Chart
The Bank Nifty has crucial supports at 9758-9707.If breaks then the bears will dominate else the bulls continue to hav the upper hand. Fibo supports and resistances marked on the chart above.
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