Pre-Open Daily Tech view of Bank Nifty Spot for 29.03.2022

Pre-Open Daily Tech view of Bank Nifty Spot for 29.03.2022

Yesterday, Bank Nifty opened at 35488 & initial basis corrected upto 35016 (day’s low). Taking 35000 as a good support sharply bounced back. Day’s High 35770 & closed at 35710. Day to Day basis up 300 points. It formed a bullish candle on the daily scale with a longer lower shadow.

On the upside :- For coming sessions if it holds above 35500 levels then it may move towards 36000—36250 & 36400. Major hurdle 36700.

On the Down side :- If breaches the same, indication of further bear move & that can move towards 35250 – 35000. Major 34750 to 34500.

R:- 35980—36250—36400—36700

S:- 35500—35250—35000—34750

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Source : Eureka

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