Pre-Open Tech view of Bank Nifty spot for 25-03-2022

By a Staff Reporter:  Yesterday Bank Nifty gave selling pressure through out the day. After Gap down opening High made was 35957 so bulls were not able to cross 36251. Then the benchmark indices corrected upto 35421, bulls able to hold 35400 but finally settled at 35527, Day to day basis fell 620 points or 1.7%. Bearish Inverted Hammer formation created. Current range 35000/34900 to 36150/250.

For Intraday cum Swing Basis :-

On the upside :- Bulls will get active above 35585 for a move towards 35690—35770—35850 & 35957. Major 36150-250.

On the down side :- Bears need to move below 35420 for a move towards 35313—35200 & 35125-35000. Major 34900-34700.

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Source : Eureka

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