As we can see BANKNIFTY had been in downtrend since last year now following a trendline which shows further bearishness and the trendline is acting as a RESISTANCE to the swings hence we can expect a good move either side following the break or resisting at the trendline and falling down, important resistance and psychological level from which BANKNIFTY might show signs of rejection is 41500-41600 levels and any closing above the given level could change the overall trend to UPTREND so keep watching everyone and wait for confirmation for the change in trend