Banknifty Spot chart analysis for 24.08.2022

Banknifty standing below an extremely strong resistance of 38781.

if banknifty crosses over 38781 then it may reach to the level of 38947.

between 38947 to 39108 is also an extremely strong resistance zone.

If Bank Nifty crosses over 39108 then it may also cross 39301 and may reach to the level of 39483.


if banknifty crosses down below 38608 then it may reach to the level of 38404, 38404 is a strong support.

if banknifty crosses down below 38404 then it may also cross 38209 and will reach to the level of 38023.

If banknifty crosses down 38023 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 39483 tomorrow and reach higher levels.