BankNifty Idea for 29 August, 2022 - Trade setup

Due to global data, the market might open with a gap down or move down initially.
The immediate support is at 38800, but since the market has already tested it once, this level might break if the market has higher selling pressure.
The next level of support is at around 38400 levels.
On the higher side, i see a resistance at around 39500 levels.
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