Banknifty Spot chart analysis for 01.08.2022

Banknifty standing below a strong resistance of 37521.

if banknifty crosses over 37521 then it may also cross 37684 and may reach to the level of 37847.

between 37847 to 38023 is also an extremely strong resistance zone.

If Bank Nifty crosses over 38023 then it may reach to the level of 38209.


if banknifty moves down from where it left off then it may also cross 37382 and may reach to the level of 37225.

if banknifty moves down from where it left off then it may also cross 37382 and may reach to the level of 37225.

if banknifty crosses down below 37225 then it may take support on 37045, 37045 is a strong support.

If banknifty crosses down 37045 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 38209 tomorrow and reach higher levels.