Banknifty spot chart analysis for 09.11.2022

Banknifty standing just below a strong resistance zone of 41733 to 41887.

if banknifty crosses above 41887 then it may also cross 42041 and may reach to the level of 42191

between 42191 to 42349 is also an extremely strong resistance zone .

If Bank Nifty crosses over 42349 then it may reach 42508.


if banknifty moves down below 41579 then it may also cross 41416 and may reach to the level of 41256.

if banknifty crosses below 41256 then it may reach to the level of 41062.

If banknifty crosses down 41062 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 42508 tomorrow and reach higher levels.