BankNifty has been in the rising wedge pattern which is usally Bearish Pattern. as it has also been taking resistance from the 1H-tf trendline. also its expiry today that means mostly its sideways. But if it breaks the rising wedge to downside it might give a nice target of 350-400 points to bearish side. Reason:
EMA 200 support line to downside. will provide a nice support if it breaks to downside. (Bearish)
we also have Priceaction support level in range of 43350-43450. (Bearish)
RSI is in range of 40-60 means mostly sideways. (Sideways)
PCR = 0.96 (Bullish)
Price > EMAs(13,50,200) (Bullish)
Verdict: Unless it breaks to downside odds are Bullish
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