#Banknifty directions and levels for May 14th.

BankNifty also has the same sentiment. The market may open with a gap-up, and if it rejects around 47,986 or the Fibonacci level of 38%, then it could retrace a minimum of 38% to 61%. On the other hand, if the pullback sustains or breaks the Fibonacci level of 38%, then the rally will likely continue.