Banknifty future chart analysis for 04.08.2023
As you saw that price did not took support at median line and
also broke standard deviation 1, if price goes below cuurent low
you may see another burst in bollinger band . burst within burst in
same side will pull down price to deep lower side.
if price goes below 44597 , then you can see a good down move till 44179, but
one special support level you have to keep in your the level 44473, price
may take sudden bounce from here.
Above -44893 , you may see new long positions and bitten down buying , which may later
again fall. 45069strong resistance area above it price will achieve its full target.
also broke standard deviation 1, if price goes below cuurent low
you may see another burst in bollinger band . burst within burst in
same side will pull down price to deep lower side.
if price goes below 44597 , then you can see a good down move till 44179, but
one special support level you have to keep in your the level 44473, price
may take sudden bounce from here.
Above -44893 , you may see new long positions and bitten down buying , which may later
again fall. 45069strong resistance area above it price will achieve its full target.