Pre-Open Daily Tech view of Bank Nifty Spot

The Bank Nifty opened negative at 32532 and slipped to the day’s low of 32155. The last hour of the day saw a good recovery and the index managed to close 287 points up at 33158.

On the upside :-

Bulls need to move above 33231 & mainly above 33250 for a move towards 33550. Traders should cautious there. If breaches then only 33730 & 33925.

On the down side :-

Bears need to move below 33050 for a move towards 32815—32555 & then major support 32390-32222.

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Source : Eureka

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