After a long streak of bearishness Banknifty recovered from lows in the past 2 sessions. Currently the index is standing at a crucial resistance level, a break above that level can take BankNifty to 2nd resistance zone plotted on chart. Now talking on the downside price can see support at 32,000 levels and the next support is at 31,100 zone if price below 32k then we can see 31k very quickly.
