Pre-Open Daily Tech view of Bank Nifty spot for 05.04.2022 & onwards

Pre-Open Daily Tech view of Bank Nifty spot for 05.04.2022 & onwards

Yesterday Bank Nifty closed with mammoth surging of 1487 points or 4% at 38635. The benchmark formed a strong bullish candle on the daily scale with initially printed a huge GAP inbetween 37200 to 37700.

It is the 6 consecutive rising sessions started from 35000 among which in last 2 sessions vertically rising from 37200 to 38765.

Now it has to hold above 38500/38350 levels to move upwards 39000 and 39400 levels, above that fresh break out upto 39600-3990 whereas support can be seen at 38250/350 followed by 37900--37777 major 37200 levels.

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Source : Eureka

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