Banknifty Index Day Chart Analysis

Nov 12, 2023

There was a strong support level in banknifty at 43350 level and banknifty broke that support creating double top pattern in day chart on 23 october 2023 monday and then banknifty went to its support level 42100 and then from there banknifty came back to 43350 for retest and then again banknifty went down to 42600 support level but from there banknifty has continually made a doji candle with upside move and even now there is no sign of downside so now if nifty closes above 44000 level tomorrow then we will see a good bullish mover and the possible target can reach up to 44600 level.