Bank Nifty - 31500 is acting as Strong Resistance and its being 5 days , bank nifty is unable to take out Big Red candle it formed . Components of BNF are facing Resistance and its the PSU Banks which are showing Good move but PSUs cant take BNF above 31500. ICICI , HDFC Bank , Kotak , Indusind , Axis are all trading below their 9 Day Exponential Moving Average. So I expect a 1000 Point Fall in Bank Nifty in Jan Series keeping 250 Point SL.