Pre-Open Daily Tech view of Bank Nifty Spot for 01.04.2022

By a Staff Reporter:  Yesterday Bank Nifty opened positive at 36457 and High made at 36590 but failed to hold above 36600 & slipped from there corrected upto 36278 & closed at 36374, narrow range move with 39 points higher closing, forming a small-bodied bearish candle on the daily scale.

On the Down side :- Supports are 36275—36200. If it breaches then major 36070—35985. Swing basis fresh weakness if closes below that.

On the Upside :- Intraday basis Positive above 36470 for 1st Resistance 36555-590. Swing basis if bulls able to cross 36590 & stays above that then next targets are 36666 & 36728.

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Source : Eureka

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