BankNifty Support&Resistance levels for 6th May Monday Overall Trend : Upward channel with resistance around 49200 to 49250 area and support in the 48650 to 48700 range.
Intraday Analysis:
If the price sustains above 49050 for a while, it may test resistance levels at 49200 and possibly 49250.
Look for shorting opportunities if there's a gap-up openin