BANKNIFTY Analysis

If Price opens Gap down don't go for selling wait for the price retracement to 39400 for targets of 39200,39000,38700

Note : Powerful buying pressure will come at 39000 and 38700 towards 40100.

if possible look for sell 1st Half
Look for buying 2nd Half.
No bullish momentum after this level, key Resistance is 40100.

NOTE: If price closed tomorrow at 40100 levels .....Price opens Gap down on the next day (almost -500 points)...month end reversals Possible. Careful at these levels.