Banknifty future chart analysis for 09-08-2023
As you can see here that price again closed at median line , but bollinger bands
are very narrow so there is a chance of breaking out or breaking down .
Whether it goes above 45168 or below 44920 in both condition you may see a burst.
if it goes below 44920 , then it may take support on 44789, going below of 44789,
it may go much lower side and may cross paas 44628.
if it goes above 45168, then it may easily to the level of 45423,
are very narrow so there is a chance of breaking out or breaking down .
Whether it goes above 45168 or below 44920 in both condition you may see a burst.
if it goes below 44920 , then it may take support on 44789, going below of 44789,
it may go much lower side and may cross paas 44628.
if it goes above 45168, then it may easily to the level of 45423,