Pre-Open Daily Tech view of Bank Nifty Spot for 22-04-2022

By a Staff Reporter:  Yesterday Bank Nifty also gave an almost 200 points higher opening at 36513 and extended upto 36913 ( day’s high ) but facing there crucial 200 & 20 dmas juncture hurdle finally settled at 36816, up by 501 points Day to day basis. Bank Nifty formed a bullish candle on daily scale after previous day’s insider bar pattern.

Current trading Range 37000 – 36666

On the Downside :-Bears will get active below 36666 as intra day basis for a move towards 36555—36450 & 36360. Swing basis 36200 to 36000.

On the Upside :- Bulls need to move above 37000 for a next move towards as intra day basis 37075-37200 & 37272. Swing basis 37400 to 37600.

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Source : Eureka

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