Banknifty spot chart analysis for 23.09.2022

Banknifty standing inside a strong resistance zone of 40562 to 40717.

if banknifty crosses above 40717 then it may also cross above 40878 and may reach to the level of 41062.

between 41062 to 41256 is also an extremely strong resistance zone .

If Bank Nifty crosses over 41256 then it may reach to the level of 41421.


if banknifty moves down below 40564 then it may also cross 40442 and may reach to the level of 40276.

if banknifty crosses down below 40276 then it may also cross 40120 and will reach to the level of 39954.

If banknifty crosses down 39954 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 41421 tomorrow and reach higher levels.