what we can expect

As we look at the global markets which are giving a negative outlook ,

We can currently expect a downtrend on the banknifty charts as well following the previous day closing ,

Level of 36405 can act as a strong support for any bounce back rally , any break below the support levels , a short position can be created ,
Level of 37198 can act as a strong resistance , breaking which we can expect a good uptrend in the market