NSE:BANKNIFTY You can see from several days it was forming consolidation and if you notice it was making LH formation this show buyers domination so that's why there is high chance of 41700 resistance breakout only take when market give breakout on closing basis on 5 min
NSE:BANKNIFTY when market can give sharp move ? Currently market is trading on 41600 when market consolidate between 41600 to 41700 and then it give breakout of 41700 then it can give 200 , 300 points sharp move so just wait patiently and not take any trade between 41600 to 41700 just wait for proper breakout after consolidation and then take trade