Bank Nifty future chart analysis for 07-08-2023
As you can see here that price closed just above standard deviation one
and above median line , in between strong resistance and strong support
high chance that price may go in a broader sideways.
But if price crosses above 45097 than you may see a good upmove till 45283,
45283 is a strong resistance , if price retraces from here than it can again reach
to the level of 44851, crossing above 45283 may push price much higher.
If price breaks again median line means 44851 than it may reach much lowerside and
may achieve both the targets very easily.
and above median line , in between strong resistance and strong support
high chance that price may go in a broader sideways.
But if price crosses above 45097 than you may see a good upmove till 45283,
45283 is a strong resistance , if price retraces from here than it can again reach
to the level of 44851, crossing above 45283 may push price much higher.
If price breaks again median line means 44851 than it may reach much lowerside and
may achieve both the targets very easily.