Banknifty Spot chart analysis for 10.08.2022

Banknifty standing overs a strong support of 38209.

if banknifty moves up from where it left off then it may cross 38404 and may reach to the level of 38608.

between 38608 to 38781 is also an extremely strong resistance zone.

If Bank Nifty crosses over 38781 then it may reach to the level of 38947.


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 38781 tomorrow and reach higher levels.