BANKNIFTY INDEX FUTURES

Banknifty Future chart analysis for 22.11.2023

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if price goes above 43918 then it will reach 44091, 44091 strong resistance price may again
retrace down to the level of 43800, but if price goes above 44091, you may see a strong upside
current and price may achieve its full target.

As you can see here, that bollinger bands made a short squeeze , there is a high chance that
it will burst tomorrow, if it goes below 43648, it mat take support at 43564, but if it crosses
down 43564 , you may see weakness in price and it masy reach 43294.

Sideways situations- if price rejects from or near the level of 43918,
if price takes support near or at 43648,

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