Pre-Open Tech view of Bank Nifty Spot for 16.03.2022 & onwards

BY A STAFF REPORTER

Higher Op at 35468 - Day's high 35643 but failed to test 20 DMA 35774 & then slipped upto 34706 – took support before 5 DMA 34634 & finally closed at 35023, down by -290 points . The index formed a bearish candle on daily charts. 

First 15 mins High and Low will decide the trend of the day.  

*On the Upside* :- Bulls need a move above 35300 for a move towards 35555-35777--35935. 

*On the down side* :-Bears need to move below 34997 for the correction towards 34800—34600 & 34444.

*Therefore main range is 36000 to 34000*

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Source : Eureka

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