stoxway

Banknifty spot chart analysis for 27.09.2022

NSE:BANKNIFTY   Nifty Bank Index
Banknifty standing below an extremely strong support of 38608.

if banknifty moves above from where it left off then it may easily cross 38781. and may reach to the level of 38947.

between 38947 to 39108 is also an extremely strong resistance zone.

If Bank Nifty crosses over 39108 then it may also cross 39301 and may reach to the level of 39483.


if banknifty crosses down below 38608 then it may reach to the level of 38404, 38404 is a strong support.


if banknifty crosses down below 38404 then it may also cross 38209 and will reach to the level of 38023.


If banknifty crosses down 38023 then it take bounce back from bounce back zone.


it is highly unlikely that banknifty will cross 39483 tomorrow and reach higher levels.

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