Banknifty spot chart Analysis for 02.11.2022

Banknifty standing just below a strong resistance zone of 41256 to 41421.

if banknifty crosses above 41421 then it may reach to the level of 41579.

between 41579 to 41733 is also an extremely strong resistance zone .

If Bank Nifty crosses over 41733 then it may also cross 41887 and may reach to the level of 42041.


if banknifty moves down below 41256 then it may also cross 41062 and may reach to the level of 40878.

if banknifty crosses below 40878 then it may reach to the level of 40717.

If banknifty crosses down 40717 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 42041 tomorrow and reach higher levels.