Today will be flat or slightly gap up opening expected in banknifty. If banknifty sustain above 35550 level then possible it will continue its bullish move upto 35000 level in first half session. 35000 will act as an immediate resistance after this move. In case breakout of this resistance gives strong 400-500+ points upside rally. Downside 400-500 points possible if banknifty trading below 34450 level. Possible we will see strong weakness in index below this level.