Pre-Open daily Tech view of Bank Nifty Spot for 18.05.2022

BY A STAFF REPORTER 

Bank Nifty opened positive, it touched an intraday high of 34366 and closed with gains of around 700 points. It formed a strong Bullish candle and negated its lower lows formation on the daily frame.



Now it has to hold above 34250 zones for an up move towards 34500 and 34675-34777 zones, whereas supports can be seen at 34000 to 33800 and major 33666 zones.



On the upside :- R :- 34500—34675--34777 & then 34940-35000.

On the down side :- S:- 34250--34000—33800 - 33666.



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Source : Eureka

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