Is Nifty Bank forming a short-term bottom and ready to breakout over 42K?

if the Bank index succeeds to close over 41,000 mark, which is right above its 21-DMA, the short-term upside may poised to rally towards 42,000 level,

In the last three sessions, Nifty Bank index has surged 2 per cent while benchmark indices, BSE Sensex and Nifty 50 merely managed to recoup their losses, by trading with muted gains. 

The broader scenario of the stock market shows that the BSE Sensex held on to the crucial support of 200-day moving average (DMA), but fell below Budget day low. In case of Nifty 50, the index breached both the 200-DMA and the Budget day low. However, Nifty Bank index firmly held the sell-off, by decisively holding both Budget day low and 200-DMA. 

Now, if the Bank index succeeds to close