Bank Nifty future chart analysis for 29.08.2023
If price goes above above 44639, then price will easily reach to the level of 44825,
44825 is a strong resistance if price takes resistance here you may see a down move till 44500,
crossing above 44825 it may go to the level of 44999.
If price goes below 44381, then it may reach to the level of 44222. 44222 is strong support
price may bounce back to the level of 44500.if price goes below 44222 , then it may easily
reach to the level of 44088.
Broad area squeeze , if bollinger bursts in this situation you may get a move but not a good move.
if price rejects from 44639, you may see a sideways , if price takes support above 44381, you
may again witness a sideways,
44825 is a strong resistance if price takes resistance here you may see a down move till 44500,
crossing above 44825 it may go to the level of 44999.
If price goes below 44381, then it may reach to the level of 44222. 44222 is strong support
price may bounce back to the level of 44500.if price goes below 44222 , then it may easily
reach to the level of 44088.
Broad area squeeze , if bollinger bursts in this situation you may get a move but not a good move.
if price rejects from 44639, you may see a sideways , if price takes support above 44381, you
may again witness a sideways,