Banknifty spot chart analysis for 26.09.2022

Banknifty standing inside in a strong resistance zone of 39632 to 39483.

if banknifty crosses above 39632 then it may also cross above 39798 and may reach to the level of 39954.

between 39954 to 40120 is also an extremely strong resistance zone.

If Bank Nifty crosses over 40120 then it may reach to the level of 40276.


if banknifty crosses down below 39483 then it may reach to the level of 39301, 39301 is a strong support.

if banknifty crosses down below 39301 then it may also cross 39108 and will reach to the level of 38947.

If banknifty crosses down 38947 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 40442 tomorrow and reach higher levels.