Today will be a gap down opening in banknifty. After a gap down opening expected further downside up to 35050 level. Banknifty will take immediate support at 35050 level and chances of reversal from this level. In case banknifty does not sustain above this support level and starts trading below 34950 then possible strong 400-500+ points downside towards the 34550 level. Upside possible if banknifty starts trading and sustain above 35550 level.
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