Today will be flat or slightly gap up opening expected. After opening important level for banknifty is 37000. If banknifty starts trading below 36950 then expected further downside of 400-500 points. This downside can extend in case banknifty not sustain near support level of 36550 and starts trading below 36450. Below this level next downside target possible 36050 level. Upside rally possible on in case banknifty sustain above 37050 level after opening.
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