Banknifty spot chart Analysis for 05.07.2022

Banknifty standing just above a strong support of 33931

if banknifty moves up from where it left off then it may reach to the level of 34112.

between 34112 to 34227 is also an extremely strong resistance zone.

If Bank Nifty crosses over 34227 then it may also cross 34458 and may reach to the level of 34644.


if bank nifty moves down below 33931 then it may take support on 33763. 33763 is an strong support.

if banknifty crosses down below 33763 then it may also cross 33429 and may reach to the level of 33283.

If banknifty crosses down 33283 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 34814 tomorrow and reach higher levels.