There is a 'Head and Shoulders pattern visible in Bank Nifty in confluence (which joins) with the lower trend line of a rising wedge. All the major banking stocks either went sideways or showed bearishness on June 1st 2021 too. Hence below 35420, Bank Nifty might be bearish.
PS: I am not a SEBI registered advisor. Enter or exit in trades after reaching out to your advisors or at your own risk.