Today will be a gap up opening in banknifty. Expected opening near 35000 level and after opening if banknifty starts trading above 35050 level then expected upside movement up to 35450 level. Below 34950 there will be a weakness in banknifty and a possible downside towards yesterday's low. Downside 34550 will act as an intermediate support level. Once banknifty gives breakdown of this support and starts trading below 34450 then there will be strong downside of 400-500+ points.
