As we can see BANKNIFTY is at very crucial level as we have seen in the past that BANKNIFTY had been in the state of confusion whenever it came around these levels and we have also seen BANKNIFTY remained sideways before revealing the final trend! Technically it is now trading at resistance which has previously acted as a great support and hence should show some rejection, hence we can expect BANKNIFTY to remain sideways for next few weeks before showing the real trend