Today will be flat or slightly gap down opening in consolidation zone expected. After opening if banknifty started trading below 35250 level then possible downside upto 35050. More chances banknifty take reversal from 35050 level. Strong downside possible if banknifty started trading below 34950 level.
In case upside breakout of consolidation zone gives strong 400-500+ points bullish rally above 35550 level.
In case upside breakout of consolidation zone gives strong 400-500+ points bullish rally above 35550 level.