Pre-open Daily Tech view of Bank Nifty Spot for 13.04.2022

By a staff reporter:

The Bank Nifty also gave a lower opening at 37407 and slipped up to 37264 but made a smart recovery in the last 90 minutes to head towards 37900. Finally settled at 37747, just above 5-9 DMA juncture point 37622, up by Day to Day basis 134 points.



On the up side :-

It has to hold above 37750 to move towards 37950/38000 and then break out upto 38100-38200-38355 levels as a swing basis.



On the down side :-

If it breaches 37600-37540 range decisively then bears action move towards 37388—37250 & then as a break down may test 37070 <13 dma> also. Crucial 200 DMA @ 36850 & 20DMA @ 36666.



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Source : Eureka

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