Nifty Bank drops 370 points as PNB, Axis Bank, SBI, and other stocks fall up to 2%. What lies ahead?

Banking stocks took a big hit Monday, with Nifty Bank dropping over 370 points. PSU banks like PNB and SBI saw losses up to 2%. Analysts are watching key levels, saying "Only a breakout or a breakdown from this range will signal the next direction movement."