Banknifty key levels for Jul 28th 2021

Yesterday We had good set up for BANKNIFTY to move up as previous whole day price had consolidated and had not breached RSI (7) below 35. However, in today's trade (Jul 27th), although initially it showed strength, it got rejected in selling box as we had marked in our chart yesterday. Once it went below our buying box with a strong red candle, it touched the next support level of 34754. Looking at the fact that HDFC Bank (Banknifty heavy weight) is slowly recovering, ICICI Bank gone into consolidation mode for last two days and massive selling in Kotak Bank & Axis, I am of the view that we need to be cautious. Although we are not bearish and have positive bias, just for tomorrow we take neutral stand which means we shall watch big 3 banks movement before entering Banknifty trades.