Banknifty Analysis

Banknifty gave breakout from falling channel with a gap up opening on 4th April, However that move didn't sustained well and post that the index saw consolidation at the GAP and today took support from previous month's closing range. Now moving ahead we can see bullish momentum in upcoming days with resistance at 39000-39500, immediate support stands at 37200 and next support is at 37000 & 35700.