Banknifty April 1st Week ViewNifty Bank IndexNSE:BANKNIFTYIshanMathur05Like Nifty, Bank Nifty has also formed a Doji on the weekly charts, indicating high volatility and indecisiveness. Closing at 52,274, the index is currently sitting near an important bullish zone. Upside Scenario: There is a strong chance of an upward move if Bank Nifty reclaims the 52,540 level. In this case, the uptrend is likely to continue toward the next resistance range of 53,544 to 53,899. Downside Scenario: Conversely, if Bank Nifty breaches the 51,714 support level, we can expect further downside momentum toward 50,415.