Today will be gap up opening expected in banknifty near 52500 level. After opening if banknifty starts trading above 52550 level then expected further bullish rally towards the 52950 level. After opening it will immediately face resistance at 52500 level if any reversal then possible downside movement upto 52050 and this can be extend for further 400-500 points if banknifty gives breakdown of 51950 level.
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