BANKNIFTY Analysis

Key level of Support to be observed is 38900 -38750

If break it may act as a Resistance .....Until it is a good Support.
If price strongly break above 36900 .. Next Resistance level to be observed is 39800,40100,40500

Note : Opens Gap up break and fills gap and move again to upside .
Note : False Breakouts may happen at 39600 and 38750