Banknifty Future Chart Analysis for 13.12.202347156 is a strong support , if price takes support over there go long for the target of 47323, if price crosses over
47405 (Super Strong resistance may push price to the level of 47200) long for the target of 47546, above 47546 it may
reach to the level of 47673.
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Banknifty Future chart analysis for 04.12.2023As 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.
Banknifty future chart analysis for 29.11.2023as you can see here that all bollinger bands are in narrow upside trajectory and price closed above
standard deviation one,if price takes resistance around 44110 then there will a high chance that
price may go in sideways.
if price crosses above 44110 then you may see a strong current to the upside and
price may easily reach to the level of 44265 and then its full target of 44435.
if price moves downward after opening near same place where it left off then you can go short below 43906,
43851 is a strong support if price breaks down it then you may see weakness in price,and price may easily reach
to the level of 43692 and then 43542.
Banknifty future chart analysis for 23.11.2023As you can see here banknifty taking resistance at standard deviation one,
if price crosses above 43767, which is a strong resistance , then it may
easily reach 43934 and then 44098.
If banknifty crosses below 43490 then it may reach 43326, 43326
is a strong support , if banknifty takes support then it may bounce
back to the level of 43623, if breaks down it then it may reach to
the level of 43165.
Sideways -if takes resistance at 43767,
if takes support at 43490.
Banknifty Future chart analysis for 22.11.2023if price goes above 43918 then it will reach 44091, 44091 strong resistance price may again
retrace down to the level of 43800, but if price goes above 44091, you may see a strong upside
current and price may achieve its full target.
As you can see here, that bollinger bands made a short squeeze , there is a high chance that
it will burst tomorrow, if it goes below 43648, it mat take support at 43564, but if it crosses
down 43564 , you may see weakness in price and it masy reach 43294.
Sideways situations- if price rejects from or near the level of 43918,
if price takes support near or at 43648,
Bank Nifty Future chart analysis for 20.11.2023if price goes above 43849 then it may reach 43982 easily, 43982 is a strong resistance and may again go
down to the level of 43688, if it crosses above 43982 the it will easily reach to the level of 44124.
If price goes below 43563, then it may take support at 43386, 43386 is a super strong
support price may bounce back from this area and may reach to the level of 43688,
if price crosses below 43386 they you may see weakness in price and it may go pass
below final target.
Banknifty Future chart analysis for 16.11.2023if price burst upside and goes above 44486, then it may reach 44604,
44604 is strong resistance price may go down to the level of 44429,
but if crosses above 44604 then it may reach to final target.
As you can see here , that price closed taking support at median line , this
situation indicates another sideways, but here situation is little different . as
you can see short squeeze in bollinger bands , so tomorrow it may burst.
if price burst downside and goes below 44315, then it may reach 44219,
44219 is strong support price may bounce back to the level of 44219,
but if crosses below 44219 then it may reach to final target.
Banknifty future chart analysis for 25.10.2023As you can see here price closed inside downside third deviation
you may see a sudden upside move if price goes above 43291, then it may
reach 43476, 43476is strong resistance price may go down again from here, but if it crosses
above 43476, then it may reach to the level of 43661.
if price takes resistance from 43291 and goes below 43080 then it may again go down very low.
if price goes below 42963 then it may take support at 42850, and may go up, but if price goes
below 42850, then it may again go very deep and may hit final target of 42581.
Banknifty future chart analysis for 23.10.2023As you can see here that Median line showing downside trend and
price closed at downside standard deviation one ,after taking resistance
at median line, if price goes down below 43574 then you can see a short term
burst in bollinger bands and price may reach to the level of 43412,
price may take a sudden upside bounce from 43412, if price crosses
below 43412 then price may became very weak and may travel beyond
downside final target.
if price takes support above 43574 then you may see a sideways again.
if price takes resistance at 43907, may go in sideways , if crosses above 43907 then it may again retrace from
44076 , and may go down 200 points from here. if price crosses above 44076 then it may reach to the level
of 44257.
Bank Nifty future chart analysis for 18.10.2023if price goes above 44641 then you may see a short lived burst and price may reach to
the level of 44797, which is also a strong resistance.if price goes above 44797 then you may
see a good upmove reaching full target.
As you can see here price closed at median line and bollinger bands are broad
and flat if price takes resistance around upside standard devition one or
if takes support around down standard deviation one you may see again a sideways.
if price goes below 44340, thenit will reach to the level of 44213, which is a strong support
crossing below 44213 , price may reach further down reaching full target and beyond.
Banknifty future chart analysis for 17.10.2023As you can see here price closed just above standard deviation one , if price goes above
44504 then price may get strong and may reach to the level of 44823, in between
44670 strong resistance.
if price takes resistance at 44504 then you may see a sideways.
if price goes below 44238 then you may again see a burst in bollinger bands, and it may
reach to the level of 43839.
Bank Nifty future chart analysis for 03.10.2023As you can see here that price closed near median line, taking support on it,
if it opens at the same area then,you may see a sideways again, if it crosses
above 45019 then you may see a broad area burst which may not sustain
for long time you can short again if you see any rejection in upside.
if it crosses above 45179, then you may see a short covering and price may go
much higher.
if price goes below upside trend, as you can see that its already broke it and taking
support above it , if it breaks down again then you may price testing its previous low
if it goes down below 44740, then it may take support on 44597, crossing below
44597 price may go much lower side. after achieving its full target.
Bank Nifty future chart analysis for 25.09.2023As you can see here bollinger bands made a parrallel low of previous low two,
it means it is on strong support, but price taking resistance at standard deviation one
44867 is a strong resistance , if it crosses above 44867 then it may reach to the level
of 45082, 45082 is a strong resistance price may again go down to the level of previous closing.
crossing above 45082 will give price a strong move to the upside and it may reach to its full target.
Crossing below 44492 will make price extremely weak and it may achieve both the targets.
if it takes support at 44402, or takes resistance at 44867 , you may see a sideways.
Bank Nifty future chart analysis for 20.09.2023As you can see here that bollinger bands already burst in 30 minutes time frame
near next strong support at 45895, if this support breaks down there is a high
chance that banknifty future will take support at 0.5% fibonacci support.
and may may take good upmove from there.
if price takes support on 45895 , the you may see a sideways again
crossing above 46165 , may put price again above long trend for new moves.
and price may reach its full target, in between 46308, strong resistance.