Pre-Open Tech view for Nifty & Bank Nifty Spot for 25.02.2022

By a staff reporter: 

After yesterday’s Mammoth Gigantic enormous crash - Biggest Nifty Crash In 2 Years, today stunning comeback at opening is likely to be expected here too as investors assessed the Geo-political conflict following a massive turn around on US mkt overnight.

Yesterday initially after huge Gap down opening < almost 300 points Gap & breaking 200 dma 16888 > Nifty opened at 16705 & then primary low 16453, defended by previous bottom 16410 for 1st time, but a false attempt fizzled out before resistance 16666 & 2nd time after breaking 16400 correction was more painful, finally settled at 16248 cracked 815 pts. or 4.78 %. Day’s low was 16203.

Current tentative range is 16200/300 to 16700/800. Fresh negativity only below 16000.

Source : Eureka

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Source : Eureka

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