Banknifty spot chart analysis for 30.09.2022

Banknifty standing between an extremely strong resistance zone of 37684 to 37521.

if banknifty crosses over 37684 then it may also cross 37847 and may reach to the level of 38023.

between 38023 to 38209 is also an extremely strong resistance zone.

If Bank Nifty crosses over 38209 then it may reach to the level of 38404 and 38608.


if banknifty crosses down below 37521 then it may also cross 37382 and may reach to the level of 37225.

if banknifty crosses down below 37225 then it may take support on 37045, 37045 is a strong support.


If banknifty crosses down 37045 then it take bounce back from bounce back zone.


it is highly unlikely that banknifty will cross 38608 tomorrow and reach higher levels.