Bank Nifty monthly chart is showing more upside till 36,200 where the long term resistance line appears around 36,200. So there is some more upside from the current level of 34,267.

Bank Nifty is trying to go up today after defending the low of yesterday.

Bank Nifty Resistance Levels are 32,600 and 33,700 — and we are like to see a retest of these levels this week.

Bank Nifty Support Levels are 31,650 and 31,800 — therefore, long positions should be closed below 31,600.

In the current period, Bank Nifty Futures trading is producing much better results than Bank Nifty Options trading.