Let us discuss the now, Monthly analysis shows a negative COI with a positive increment of price whereas daily analysis shows the increase in price with a mild increase in COI.
What does it mean to traders, The probability of monthly COI definitely has a deeper impact than daily COI but the continuous increment of price and can change the monthly trend.
So, as per the price action, Banknifty needs to stand and hold above the Sliding Resistance on an EOD basis for the further up movement. the probability of another 2200 points move can be expected in these conditions. Else we can see a sideways move with interim support of 35060 levels with increasing .
This is my personal view not for trading.