Since we have observed a lower highs and lower lows formation in Bank Nifty on a daily time frame. It has a high probability to test its support level which acts as strong resistance previously.
Also we have seen the triangle get squeezed now and we are likely to expect the long bull rally after its breakout from the triangle as shown in the above picture.
Intraday traders can trade in Bank nifty keeping in view its long term trend analysis.