Today expected slightly gap down opening in banknifty. After gap down opening 35050 will act as an immediate support level for banknifty. More chances it will continue its upside rally by taking this support. Upside 35450 level is resistance level for today's session. In case it gives breakout of this resistance level and started trading above 35550 then possible strong upside movement of 400-500+ points in index. Bearish view only if banknifty started trading below 34900.
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