Pre-Open Daily Tech view of Bank Nifty Spot for 22-11-2022


22/11/2022 08:20:45 AM   Aniket         1230







Bank Nifty also weak opening at 42287 and moved in a range of around 175 points throughout the session. Settled at 42347 down by -91 points. It’s high 42387 faced hurdle at 42440 [3/5 mov bearish cross point ]. Fresh momentum only above that. Day’s low 42202. That was exactly 9 DMA support.


Fresh weakness below that.



On the Upside:- Positive above 42408 then Intraday basis expected resistances are 42440/500 & then break out hurdle 42622. Then further uncharted 42730, 42818/43024.



On the down side:-42300-42200 support area. Fresh negativity below 42200 then intraday basis supports are 42125—42050 and 41900. Swing basis expected supports are 41800/41666.



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