Banknifty spot chart analysis for 06.09.2022

Banknifty standing just above a strong resistance of 39798.

if banknifty crosses above 39801 then it may also cross above 39954 and may reach to the level of 40120.

between 40120 to 40276 is also an super strong resistance zone.

If Bank Nifty crosses over 40276 then it may reach to the level of 40442.

if banknifty moves down below 39798 then it may reach to the level of 39632, 39632 is a strong support.

if banknifty crosses down below 39632 then it may also cross 39483 and will reach to the level of 39301.

If banknifty crosses down 39301 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 40442 tomorrow and reach higher levels.

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