BANKNIFTY Analysis

Price is in consolidation...Consolidation + up move = Downside Direction.
NOTE: Price actual direction is bearish...
Monthly expiry is tomorrow ....price moves in both direction....be careful .

If Price opens Gap UP don't go for Buying wait for the price retracement to 39600 for targets of 39800,40000,40100

Note : Powerful Selling pressure will come at 40000 and 40100 towards 39200.

if possible look for buy 1st Half
Look for Sell 2nd Half.
No bullish momentum after this level, key Resistance is 40100.

NOTE: If price closed today at 40100 levels .....Price opens Gap down on the next day (almost -500 points)...month end reversals Possible. Careful at these levels.