Technically speaking, there is clearly a very intense tussle going on between the bull and the bear camp, as evident on the charts. At the same time, there are some bearish patterns on weekly charts, both on Nifty & Bank Nifty, indicating that for now, the bulls will have to be content with the recent tops not being breached easily. However, the saving grace is that the downside also appears to be strongly supported around last week’s low.