Banknifty closed at the trendline. Next move will depend on this trendline only. From here if Banknifty do not break this trendline that is 20480-20490 range than a bounceback will b there to 20770-20780 range to 20920-20930 range. But ift is broken then below 20480 we can see the downwards level till 20300-20310. But for me as per my view downside is limited compare to upside. Keep a watch...