Banknfity April 2nd Week View Nifty Bank IndexNSE:BANKNIFTYIshanMathur05Bank Nifty witnessed massive short covering last week, as I had suggested in my previous week's analysis. The upcoming week is going to be interesting for Bank Nifty. Closing at 55,912 is quite tricky. The charts indicate that Bank Nifty can continue its upside, but there are chances that it may give up all its gains by the end of the week. Overall, it is going to be a volatile week for Bank Nifty.Let’s discuss the bull and bear scenarios for the upcoming week. Bull Case: If Bank Nifty crosses and sustains above 56,185, then it can continue the momentum. The momentum can grow stronger once Bank Nifty crosses and sustains above 56,513. It would then face resistance near 57,580 to 57,909. Bear Case: If Bank Nifty opens with a gap-down on Monday or faces rejection on the upside, then it would test the support range of 55,528 to 55,035. If it breaches this support range, we can expect further downside up to 53,721. All levels are marked in the chart posted below.