Banknifty January 4th week viewNifty Bank IndexNSE:BANKNIFTYIshanMathur05Nifty bank closing is looking positive, but we can expect high volatility in BankNifty in the upcoming week due to the reaction of banking stocks to the result. If BankNifty continues its upside, then a base level for it would be 60270. If it crosses and sustains above this level, then upside momentum can continue up to 61270 to 61500. While if we inspect the down move scenario, then if it breaches 59848, then we can expect further retracement up to 59309 to 58886. All levels are marked in the chart posted.