Banknifty spot chart analysis for 19.09.2022

Banknifty standing just below a strong resistance zone of 40717 to 40878.

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

between 41062 to 41256 is also an extremely strong resistance zone .

If Bank Nifty crosses over 41256 then it may reach to the level of 41421 and then 41579.

if banknifty moves down below 40717 then it may also cross 40564 and may reach to the level of 40442.

if banknifty crosses down below 40442 then it may also cross 40276 and will reach to the level of 40120.

If banknifty crosses down 40120 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 41579 tomorrow and reach higher levels.

join me at -
twitter -@stoxway
Contact -8336985530

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.