Today will be slightly gap down opening expected in banknifty. After opening if it's sustain above 48050 and give reversal then possible some bullish rally in index. Upside 48450 level will act as a strong resistance for today's session. Any strong bullish side rally only expected above 48550 level. In case banknifty starts trading below 47950 level then there will be sharp downside rally possible in index upto 47550 level.
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