Banknifty spot chart Analysis for 09.01.2023
Banknifty standing just below a strong resistance zone of 42191 to 42349.
if banknifty crosses above 42349 then it may also cross 42508 and may reach to the level of 42671.
between 42671 to 42814 is also an extremely strong resistance zone .
If Bank Nifty crosses over 42814 then it may reach 42966.
if banknifty moves down below 42041 then it may take support on 41887.
if banknifty crosses below 41887 then it may also cross 41733 and may reach to the level of 41579.
If banknifty crosses down 41579 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 42966 tomorrow and reach higher levels.
if banknifty crosses above 42349 then it may also cross 42508 and may reach to the level of 42671.
between 42671 to 42814 is also an extremely strong resistance zone .
If Bank Nifty crosses over 42814 then it may reach 42966.
if banknifty moves down below 42041 then it may take support on 41887.
if banknifty crosses below 41887 then it may also cross 41733 and may reach to the level of 41579.
If banknifty crosses down 41579 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 42966 tomorrow and reach higher levels.
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