Banknifty spot chart Analysis for 30.01.2023

Banknifty is standing just above a good support of 40276.

if banknifty moves up from here then it may reach to the level of 40442.

between 40442 to 40562 is an extremely strong resistance
zone , banknifty may go down from here.


if Banknifty crosses over 40564 the it may easily cross 40717 and may reach to the level of 40878.

if banknifty crosses over 40878 then it may reach to the level of 41062.

if banknifty crosses down 40276 than it may take support on 40120.

if banknifty crosses down 40120 then it may also cross 39954 and may
take support on 39798, 39798 is an extremely good support it may take
a good up move from here.

if banknifty crosses down 39798 the it may take bounce back from bounce back zone.

IT IS HIGHLY UNLIKELY THAT BANKNIFTY WILL CROSS 41062. AND REACH THE
HIGHER LEVELS TOMORROW.....