Bank Nifty has key resistance at 34000.
Bank Nifty will be safe for long trades above 34000.
Bank Nifty will most probably test 34000 level in next 1-2 weeks, to see if it can cross it.
Failure to cross 34000 will create fresh downsides.
S&P Biotech ETF (XBI) is a strong Buy currently at the lower end of its weekly range. Risk/Reward looks very favorable for a long position (Buy) and holding for next 2-3 months (8-12 weeks) for targets of 150-170.
