as per daily channel pattern banknifty will bounce from 31500-32000 levels
And if you draw channel pattern in weekly time frame you can see support at upper trendline of channel pattern
And there is strong horizontal support also
So there are 3 suuports conflict at level of 31500-32000
So we can intiate long position there
If in worse case that support breaks then we can see 28000 level as next support
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