Banknifty Spot chart analysis for 08.07.2022

Banknifty standing just below a strong resistance of 35077.

if banknifty crosses over 35077 then it may reach to the level of 35304.

between 35304 to 35510 is also an extremely strong resistance zone.

If Bank Nifty crosses over 35510 then it may also cross 35722 and may reach to the level of 35934.



if bank nifty moves down below 34872 then it may take support on 34644. 34644 is an strong support.

if banknifty crosses down below 34644 then it may also cross 34458 and may reach to the level of 34277.

If banknifty crosses down 34277 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 35934 tomorrow and reach higher levels.