Banknifty July 3rd Week Analysis

Banknifty is looking uncertain but we can expect short covering in later half of th week if it retraces upto 55400-600 , Imp support levels on downside are placed between 55900-56100 and below that we can expect levels upto 55700-400.On the upside imp level to watch 56550 and if banknifty crosses and sustains above 56550 then we can expect further upside upto 56900-57100.
ALL LEVELS ARE MARKED IN THE CHART POSTED.