BANKNIFTY ANALYSIS FOR UPCOMING SESSION

What Panic Selling in the market. Bears tried today to push down more..but Banknifty Taken Support from 39000 level and bounce back. Further level to watch for down side are 39000 if break then 38426 and then all way to 37808. On the Upside 39462 is very crucial level as Call Writer have fresh position on 39500 on breaking up 39500 we can see 40000 level and 39500 CE call Option can be taken We have seen very huge and volatile movement in last trading session. So market may be sideways to Upside. Further global sentiment is also important. :)