With the global news flat to positive we expect mildly positive opening. We do not see any run away rise & collapse & keep steadily rising  blue colour channel ( as shown in the chart) barring unforeseen events. For the day we see 4800-4880 as the trading range, breach below 4800 will head for 4750-4760(low probability) & cross above 4880 will lead to 4930-4940(high probable). 

  Bank nifty has been mercurial compared to nifty as usual. Yesterday’s pattern is more bullish than nifty. For the day we see 8825-9025 as trading range with 9125-9175 as resistance & 8675-8725 as support.  

We recommend buying on decisive cross above of 305 with the stop of 295 for the target of 360.