Pre-Open Daily Tech View of Bank Nifty spot_12.04.2022

By a staff reporter:

Yesterday Bank Nifty started with a lower opening at 37591 then moved up, crossed 5dma 37727 and high made at 37941 but failed to cross the current hurdle 38000 and slipped further. Low 37524 & closed at 37614. Day to Day basis down 138 points. Last 4 days lying in a same range 38000-37400.

On the down side :- closing basis if breaches 37400/350 then more bear move & that can be extended towards 37245—37150 & 36900.

On the upside :- 37777-822 is the immediate hurdle & major 37950/38000.Fresh bullish move only above 38000/38100.

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Source : Eureka

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