Banknifty Spot chart analysis for 02.08.2022

Banknifty standing between an extremely strong resistance zone of 37847 to 38023.

if banknifty crosses over 38023 then it may also cross 38209 and may reach to the level of 38404.

between 38404 to 38608 is also an extremely strong resistance zone.

If Bank Nifty crosses over 38608 then it may reach to the level of 38781.


if banknifty crosses down below 37847 then it may also cross 37684 and may reach to the level of 37521.

if banknifty crosses down below 37521 then it may take support on 37382, 37382 is a strong support.

If banknifty crosses down 37382 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 38778 tomorrow and reach higher levels.