Banknifty Future chart analysis for 04.12.2023
As you can see here after a big burst bollinger bands went to short squeeze
if price opens at the same area where it left off and then crosses above 45245
then it can easily cross 45455, and may reach to its final destination of 45654.
if price goes below 44923, the price may take strong support at 44742 and
may bounce back to the level of 45041, but if price goes below to 44742
then we have to understand it that a broader profit booking and price reach to the
level of 44549.
if price opens at the same area where it left off and then crosses above 45245
then it can easily cross 45455, and may reach to its final destination of 45654.
if price goes below 44923, the price may take strong support at 44742 and
may bounce back to the level of 45041, but if price goes below to 44742
then we have to understand it that a broader profit booking and price reach to the
level of 44549.