On the Monthly charts – Trend is up and one timeframing for the last 5 trading months. Weekly timeframe is balancing for the last three months . And on the daily charts Bank nifty futures is in short term balancing mode and looks structurally weak due to the nature of consecutive overlapping consolidation phases as shown below. This week price looked above the recent short term balanced and failed. Fridays session is an outside bar and also price touched the bottom of the short term balance witnessed on the EOD chart.