Bank Nifty future chart analysis for 05.09.2023
As you can see here price is resting over atandard deviation one,which
means it has a support just below it as median line and resistance above
it as standard devition two.if it takes resistance around 44925, you
can witness sideways and if it takes support at 44623 you can witness sideways.
if it crosses above 44925 , it can again face strong resistance at 45014 (Red line), crossing
above red line price may further move upside strongly and may reach to the level of 45322.
if price goes below 44623 then it can face strong support at 44529 (*Purple Line), crossing
below purple line price may be very weak and reach to the level of 44288.
means it has a support just below it as median line and resistance above
it as standard devition two.if it takes resistance around 44925, you
can witness sideways and if it takes support at 44623 you can witness sideways.
if it crosses above 44925 , it can again face strong resistance at 45014 (Red line), crossing
above red line price may further move upside strongly and may reach to the level of 45322.
if price goes below 44623 then it can face strong support at 44529 (*Purple Line), crossing
below purple line price may be very weak and reach to the level of 44288.