Banknifty 12 OCT levels

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Today will be slightly gap down opening expected in banknifty . For today's session 38050 level will act as an important support after opening. More chances banknifty will take reversal from this level and continue it's bullish rally towards the 38450 to 38950+ level. Any downside only possible if it is not sustain above 38000 level and starts trading below 37950.