BankNifty future chart analysis for 04.09.2023
As you can see that banknifty future is in burst situation and price taking resistance
near standard deviation two (2), if price again rejects from this level then you can see
a little profit booking, not much after that you can see a sideways.
But if price croosses over 44777 then burst will continue in a strong manner and price may
easily reach to the level of 45213. (Accept Gap up)
If price goes below 44481 then it will certainly reach to the level of 44286, 44286 is a strong support
you see a good upmove till 44573 from here , crossing below 44286 will make price weaker
and it may travel much lower side.
near standard deviation two (2), if price again rejects from this level then you can see
a little profit booking, not much after that you can see a sideways.
But if price croosses over 44777 then burst will continue in a strong manner and price may
easily reach to the level of 45213. (Accept Gap up)
If price goes below 44481 then it will certainly reach to the level of 44286, 44286 is a strong support
you see a good upmove till 44573 from here , crossing below 44286 will make price weaker
and it may travel much lower side.