Bank Nifty Futures tested an intraday high of 27425. Trading sentiment was getting into extreme which possibly indicates overbought levels.
Price holding below 27385 is very much crucial for trend reversal to happen. Also current quick flip long trade setup is almost 6 trading days old which brings statistical mean reversion odds going by the historical backtest.
Bank Nifty Daily Futures – Trading Sentiment
Even if price gaps up and later price started trading below 27400 levels indicates weakness towards 27180 and 27105 levels in a very short term.