Banknifty spot chart analysis for 09.09.2022

Banknifty standing inside in a strong resistance of 40276 .

if banknifty crosses above 40276 then it may also cross above 40564 and may reach to the level of 40717.

between 40717 to 40878 is also an extremely strong resistance zone .

If Bank Nifty crosses over 40878 then it may reach to the level of 41062.

if banknifty moves down below 40124 then it may reach to the level of 39954, 39954 is a strong support.

if banknifty crosses down below 39954 then it may also cross 39798 and will reach to the level of 39632.

If banknifty crosses down 39632 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 41062 tomorrow and reach higher levels.

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