Banknifty Daily Analysis

Banknifty as we said underperforming Nifty has proven our words. As per trend it is trading below a descending trendline and also broke it's 38200 support level, if price isn't able to cross 38200 then we can see 37700 soon which will be a support level and next to that support is at 37000. On the upper side resistance is at 38200 and 38600.