Banknifty spot chart Analysis for 01.12.2022

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Banknifty standing below a strong resistance zone of 43266 to 43418.

if banknifty crosses above 43418 then it may also cross 43571 and may reach to the level of 43713.

between 43713 to 43876 is also an extremely strong resistance zone .

If Bank Nifty crosses over 43876 then it may also cross 44034 and may reach to the level of 44187.



if banknifty crosses down below 43113 then it may also cross 42966 and may reach to the level of 42814.

if banknifty crosses below 42814 then it may also cross 42671 and may reach to the level of 42508.

If banknifty crosses down 42508 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 44034 tomorrow and reach higher levels.