Banknifty spot chart Analysis for 22.12.2022

Banknifty standing just below a strong resistance of 42671.

if banknifty crosses above 42671 then it may also cross 42814 and may reach to the level of 42966.

between 42966 to 43113 is also an extremely strong resistance zone .

If Bank Nifty crosses over 43113 then it may also cross 43266 and may reach to the level of 43418.



if banknifty moves down below where it left off then it may also cross 42508 and may reach to the level of 42349.

if banknifty crosses below 42349 then it may also cross 42191 and may reach to the level of 42041.

If banknifty crosses down 42041 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 43418 tomorrow and reach higher levels.