Last Month also it fell below 50DMA. You know what happened.
Did you check individual charts of those 12 Banks in Bank Nifty?
Last month FII increased their stake in Bank of Baroda.
Tata Tele issue is now settled. May be Big Brother will rescue RCOM other than this all negative news for Banks is old and already priced in.
INDUSINDBK reported good results. At least not bad. 11 Banks went up yesterday in Bank Nifty.
It is better to avoid Technical Analysts on TV Channels.