As we can see BANKNIFTY had been in downtrend and despite trying to break the structure and level of 41800 above but failed to do so and fell unidirectionally from there the downtrend would have been confirmed if BANKNIFTY closed below 41000 mark but failed to close below which shows 41000 being a psychological level acting as a great support hence if BANKNIFTY closes below 41000-40800 mark then we can see 1200-1500 downside in upcoming trading session but if opens strong then another day of consolidation can be witnessed so keep watching everyone