Banknifty spot chart Analysis for 29.12.2022

Banknifty standing inside a strong resistance zone of 42814 to 42966.

if banknifty crosses above 42966 then it may also cross 43313 and may reach to the level of 43266.

between 43266 to 43418 is also an extremely strong resistance zone .

If Bank Nifty crosses over 43418 then it may also cross 43571 and may reach to the level of 43713.



if banknifty crosses down below 42814 then it may also cross 42671 and may reach to the level of 42508.

if banknifty crosses below 42508 then it may also cross 42349 and may reach to the level of 42191.

If banknifty crosses down 42191 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 43713 tomorrow and reach higher levels.