Technical Analyst, owner of TRADEMANIAC
Banknifty Fut may open negative around 40615. This trend is not a major downtrend. If banknifty systains above 40615 then it may bounced towards 40715 & 40840. If it breaks 40580 in downside, it may reach 40450, 40380, 40174, 40074.
Bull'll get active above 40800. If sustains here then it may reach 41000, 41200, 41400 (positionally).
Tv chart:-https://in.tradingview.com/chart/BANKNIFTY1!/eAg9nzY7-Banknifty-Future-Intraday-Positional-view/