Banknifty weekly chart
On the weekly time frame banknifty is looking stronger than nifty
39500 will act as a strong resistance and profit booking near resistance is possible
Strong up trend support is placed at 36000 a healthy retracement will this support zone will give a chance to create fresh long position
2 consecutive day closing above 39500 will reject down side move and next target can be 42000 on weekly basis