Banknifty spot chart analysis for 27.10.2022

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Banknifty standing just below a strong resistance zone of 41062 to 41256.

if banknifty crosses above 41256 then it may also cross above 41421 and 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 reach to the level of 41887.


if banknifty crosses down below 41062 then it may also cross 40878 and may reach to the level of 40717.


if banknifty crosses down below 40717 then it may also cross 40564 and will reach to the level of 40442.

If banknifty crosses down 40442 then it take bounce back from bounce back zone.

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