BankniftyIndex may open near 39780 and may move towards 39800. If it sustains here then may move up towards 39900 and 40100.
No trading zone is indicated by shaded region. If any time during the day it touches the shaded region and takes support then you can buy BNF or call option for the target of 39748, 39792, 39894, 39906.
If it breaks shaded region with good volume and also breaks lower red bol line then target is 39335 & after that free fall is expecting.