Banknifty spot chart analysis for 30.08.2022

Banknifty standing inside in a strong resistance zone of 38209 to 38404.

if banknifty crosses above 38404 then it may also cross above 38608 and may reach to the level of 38781.

between 38781 to 38947 is also an extremely strong resistance zone.

If Bank Nifty crosses over 38947 then it may reach to the level of 39108.


if banknifty crosses down below 38209 then it may reach to the level of 38023, 38023 is a strong support.

if banknifty crosses down below 38023 then it may also cross 37847 and will reach to the level of 37684.

If banknifty crosses down 37684 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 39102 tomorrow and reach higher levels.