Banknifty Spot chart analysis for 29.07.2022

Banknifty standing below a strong resistance of 37382.

if banknifty crosses over 37382 then it may also cross 37521 and 37684 and may reach to the level of 37684.

between 37847 to 38023 is also an extremely strong resistance zone.

If Bank Nifty crosses over 38023 then it may reach to the level of 38209.

if banknifty moves down from where it left off then it may also cross 37225 and may reach to the level of 37045.

if banknifty crosses down below 37045 then it may take support on 36854, 36854 is a strong support.

If banknifty crosses down 36854 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 38209 tomorrow and reach higher levels.