Today will be gap up opening in banknifty. After opening expected it will continue its bullish rally towards the 38950+ level. Upside 38950 will act as an immediate resistance in case banknifty gives breakout and starts trading above 39050 level then expected strong upside rally of 400-500+ points. Strong downside only possible if banknifty not sustain above 38500 level and starts trading below 38450.
