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Pre-Open Daily Tech view of Bank Nifty Spot for 28.03.2022
Last Friday Bank Nifty opened positive at 35700 but failed to hold above 35800 <9 DMA HURDLE > then corrected & hit day’s low at 35200~. Took support from 20DMA in last leg of the session re-bounced, Though high hit at 35575 but failed to close above 35500 weighted closing at 35410.
Day To Day basis down -117 points. As per daily Chart it formed a 3rd consecutive basis bearish candle.
For intraday basis :-
On the upside :- Positive above 35460 for a move towards 35575, 35700--35850 and 36000.
On the downside :- Negative below 35199 for a move towards 35040, 34930 and 34729
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Source : Eureka
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