1. On downside, Banknifty has probability to go down Till 41k and slightly below it. (Possible if prices give real breakout on downside)
2. On Upside, prices have probability to reach till 41700 (Possible if upside breakout comes)
Big hands have entered the market Just now, showing probability for market to go down

But 41330 and above if prices go, then there might be bull move that can appear

Keep it in watch
PnL of Students In Today's Trading Session
POSITIONAL BUY
Bharat forge is good to buy above 832
with SL with 600
for target open
Banknifty is defining 41100 Spot Level as a downside breakout Level. and on Upper End, 41240 area is acting as resistance.

Volumetric breakout on any direction can give a directional move.

Otherwise our expectations are that banknifty will be trading within the Hi and Low Range of Previous Day
STATUS OF BANKNIFTY COMPOSITES
BANKNIFTY NOW
POSITIONAL BUY
MUTHOOT FIN is good to buy above 1090
with SL with 1010
for target 1220, 1300