Technical Analyst, owner of TRADEMANIAC
Banknifty may open near 39990 and may reach 40050 level. If BAnk nifty sustains above 40050 level may move up towards 40100 and 40250. Bullish above 39804 for a move towards 40002/40201/40400, Bears will get active below 39605 for a move towards 39407,39225,39000.
Bank Nifty rollover cost is 38918 and Rollover cost is73.2 % Closed above the rollover level suggesting bias is Bearish.