BANKNIFTY INDEX FUTURES

Banknifty future chart analysis for 29.11.2023

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as you can see here that all bollinger bands are in narrow upside trajectory and price closed above
standard deviation one,if price takes resistance around 44110 then there will a high chance that
price may go in sideways.
if price crosses above 44110 then you may see a strong current to the upside and
price may easily reach to the level of 44265 and then its full target of 44435.


if price moves downward after opening near same place where it left off then you can go short below 43906,
43851 is a strong support if price breaks down it then you may see weakness in price,and price may easily reach
to the level of 43692 and then 43542.

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