Bank Nifty: Bracing for Another Lower Low?

BANKNIFTY

hello guys,
> As we can see BANKNIFTY took strong bounce from 39300 level. AS far now its trading around 40600 level if we have to anticipate in long then
it should consolidate above 40500 zone.
> However the overall trend is negative BN taking rejection of trendline and making lower high lower low formation if we have to anticipate in shorts then
BN should break below 40300 level .

SMALLER TIMEFRAME CHART WILL BE uploaded when i get clear view of market.

-THANK YOU ( comment your thought )