#Banknifty directions and levels for July 31st:Nifty Bank IndexNSE:BANKNIFTYManickamtraders What can we expect today? In the previous session, both Nifty and Bank Nifty went through consolidation. Structurally, we are still in a bearish tone, and with Gift Nifty indicating a gap-down start, if the market breaks the immediate support levels with a solid candle, we can expect further correction. On the other hand, if it finds support there, then the range-bound movement is likely to continue. Which means, if the initial market takes a pullback, we can expect consolidation within the previous day’s range.