Today will be gap up opening in banknifty. After opening if banknifty sustain above 39550 level then expected upside rally of 500-1000+ points. 39950 will act as an intermediate resistance after breakout of this resistance expected quick 500+ points upside rally upto 40450+ level. Any downside possible if banknifty not sustain above 39500 and starts trading below 39450 level.