Technical Analyst, owner of TRADEMANIAC
Banknifty fut may open near 38900 and if not sustained here, it may dragged till the shadded region. Here if it sustained and again bounce back towards 39050 then it may move towards upward direction 39500. If it break shaded region in downside then it may fall till 37933.
Anoter scenario:-Banknifty may remain in range between 39222 & 38575. Wait for my message for entry in our telegram group.
Tv chart:-https://in.tradingview.com/chart/BANKNIFTY1!/3mhHnXzd-Banknifty-Future-Intraday-analysis/