Banknifty spot chart analysis for 06.10.2022

Banknifty standing on a strong resistance zone of 39108.

if banknifty crosses above 39108 then it may reach to the level of 39301.

between 39301 to 39483 is also an extremely strong resistance zone.

If Bank Nifty crosses over 39483 then it may also cross 39632 and may reach to the level of 39789.


if banknifty moves down from where it left off then it may also cross 38947 and may reach to the level of 38781.


if banknifty crosses down below 38781 then it may take support on 38608, 38608 is an extremely strong support.

If banknifty crosses down 38608 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 39954 tomorrow and reach higher levels.