Does the pattern look familiar. It's the W pattern rising up. This should take the BNF up towards 33700 by the 13th April. However if BNF falls again tomorrow, it may land up at 31300. The probability of that happening is less.
Banknifty1! - 34700 / 35800 by 1st / 7th April. As is visible the BNF is in an uptrend. The trend line shows the BNF going up. However if there are any more adverse news coming in, we may drop down to 32700 / 31300.
However we keep a long bias as per trend