*Pre-Open Daily Tech view of Nifty & Bank Nifty Spot for 30.03.2022

By A Staff Reporter

Today expectation of GAP UP opening as Russia-Ukraine peace talks resume.

Nifty above 17300 on positive global cues & the fall in oil price also supported the market.

Yesterday Nifty was up 103 points or 0.60% at 17325. Nifty ended the session witnessing a recovery following a hammer candle on the daily chart. 

Strong closing at 100 Day SMA 17325 & trying an attempt to break the 7 consecutive sessions range bound move between 17000—17440. This is a positive indication & expectation of more advancement roughly above 17440 towards 17500-17555 & even more. Down side should hold 17200/150. Expected wide Range for coming sessions 17777 to 17010.

*But for benchmark Intraday basis Bulls should cautious at higher ends after initial big surging as chances of one time profit booking possible there better focus on dips further.*

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Source : Eureka

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