On Bank nifty(spot), 5 minute chart I have market important Support and Resistance and few trend line as shown in video.
As per sgx nifty level we are expecting gap up opening today in our market. Which means bank nifty may open around 17500-17600.
1st possible scenario,If bank nifty able to break 17450-17500 support then we can see fall up to 17200,17000,16750.
2nd possible scenario if bank nifty able to sustain above 17650-17700 then we can expect 18000,18250 levels upside.
You can see investing.com chart of bank nifty by clicking bank nifty image.