Banknifty levels: 35000, 35700. Pvt sector banks may outperform

Watch out for key Fib retracements of 61.8% and 78.2% which might act as resistance in the current move. Pvt sector banks like HDFC, ICICI, Kotak along SBI are looking good on the chart. But the big gap up may not give a good entry opportunity at the opening. Wait for pullback and consolidation. Progress in election results would add to volatility