Banknifty future chart analysis for 23.11.2023
As you can see here banknifty taking resistance at standard deviation one,
if price crosses above 43767, which is a strong resistance , then it may
easily reach 43934 and then 44098.
If banknifty crosses below 43490 then it may reach 43326, 43326
is a strong support , if banknifty takes support then it may bounce
back to the level of 43623, if breaks down it then it may reach to
the level of 43165.
Sideways -if takes resistance at 43767,
if takes support at 43490.
if price crosses above 43767, which is a strong resistance , then it may
easily reach 43934 and then 44098.
If banknifty crosses below 43490 then it may reach 43326, 43326
is a strong support , if banknifty takes support then it may bounce
back to the level of 43623, if breaks down it then it may reach to
the level of 43165.
Sideways -if takes resistance at 43767,
if takes support at 43490.
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