Banknifty also has the same structural sentiment; it has closed at the Fibonacci level of 23%. If the market opens with a gap-up and sustains it, then we can expect the rally to continue with minor consolidations. In that case, we can expect a minimum range of 49,021 to 49,183.
Alternatively, if the gap-up doesn't sustain, we can expect the Fibonacci level of 38% to be reached when it breaks the previous day's low.