Bank Nifty has most probably formed a double top around 39600 which should get confirmed once it breaks and closes below 38400 and if it does so then that could be a major breakdown which may lead to a major sell off as suggested on charts as well,
BankNifty is also in process to form a H&S which should get confirmed once it breaks below 37450 post which we may see some real capitulation here which can lead to quick1500-2000 points sell off,
All these bearish view will get negated only if Bank Nifty manages to close above 39600 (Levels are as per Bank Nifty spot).
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