banknifty analysis-

"Bank Nifty, after reaching its all-time high of 54,338, has faced significant downward pressure. A low of 49,904 was recorded, marking a decline of approximately 8%. The index is currently testing a critical support level at the 200-EMA. A decisive break below this level could signal further downside potential. We will closely monitor price action and indicators for signs of a potential reversal."