Pre-Open Daily Tech View of Bank Nifty Spot for 16-08-2022


16/08/2022 07:25:52 AM   Poulami Das         255






BY A STAFF REPORTER

Last Friday Bank Nifty started with a positive note at 38942 maintaining the higher top higher bottom formation low printed at 38740 & High made at 39088 [weekly high] & closed above 39000 at 39042. Day to day basis up 163 points & formed a small-bodied bullish candle. It is weekly basis 8 weeks consecutive higher closing without showing any sign of reversal and so supports are gradually shifting higher which placed at below 38740 -38650 and 38500 levels. Current hurdles are 39250—39400 & 39555.



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