Banknifty future chart analysis for 01-08-2023

Travelling above 45969, it may easily reach to its full target of 46213, in between
46076 is super strong
resistance.

Semi burst bollinger band , 45785 is an important level , if price remains
above it and crosses standard deviation 2 , then you can take it as full fledge
burst of bollinger band, and it may go much higher along side standard deviation3.

if price goes below 45785, then there will be very little chance to take support on Median line
it may go down to 45464, in between 45588 is a strong support.