Pre-open Daily Tech view of Bank Nifty spot for 04-10-2022
New Update
BY A STAFF REPORTER Yesterday Bank Nifty started the truncated week with a lower opening at 38445. Failing to cross 38650 corrected & showed weakness throughout the session. It closed below 5DSMA 38100 at 38030. Day to day basis slipped 602 points. It formed a Bearish Harami candle or an Inside Bar on the daily scale.
Last Friday big bullish engulfing candle’s High – Low i.e. around 38800-37400 to be acted as a major range for coming sessions.
On the Upside:- Hurdles can be seen at above 38211 – 38450-38650 & major 38888.
On the Downside:- Till it holds below 37950 levels, weakness could be seen towards 37777 and as a major 37400 levels.
Major Range Upside -39000 & Downside - 37000. Closed at middle 38000.
Please contact the below telephone nos for Demat and Trading Account Opening. +91 98312 00699 / 82749 09974
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