Banknifty spot chart analysis for 10.10.2022

Banknifty standing above a strong support zone of 39108.

if banknifty crosses above 39301 then it may reach to the level of 39483.

between 39483 to 39632 is also an extremely strong resistance zone.

If Bank Nifty crosses over 39632 then it may also cross 39798 and may reach to the level of 39954.


if banknifty crosses down below 39108 then it may also cross 38947 and may reach to the level of 38781.

if banknifty crosses down below 39108 then it may also cross 38947 and may reach to the level of 38781.


If banknifty crosses down 38608 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 39954 vtomorrow and reach higher levels.