Bank Nifty Positional view as on 23rd Sept, 2020

Bank Nifty Looks bearish to me. So far it is taking support at "Support 4" level, as shown in the image. If it breaks, it may go upto "Support 5" level as shown in the image. Whoever is in short position, can stay in short position till it crosses 21425 level. It must make higher high candle on hourly chart post it crosses 21425 level, then only anyone should go for long position.

The above statement is purely for education purpose.

Disclaimer: This is my personal view. Do consult your financial advisor before taking any position.