Pre-Open Daily Tech view of Bank Nifty spot for 27.04.2022

BY A STAFF REPORTER 

Yesterday Bank Nifty opened gap up & started the session with positive note at 36515. Day’s High 36604 & day’s low 36265. Bank Nifty, which closed 322 points higher at 36405. But as closing was below opening so the index formed a small-bodied bearish candle on the daily scale.
200 DMA = 36888 strong resistance & 200EMA = 36200 immediate support.

Chances of Gap down today below 36265.

On the down side :-
Any break of 36265 & mainly 36200 can lead to big fall towards 36130--36070—35888--35800.
Major 35580.

On the upside :-
Bulls need to move above 36470 for a move towards 36666-36888. Major 37000.

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Source : Eureka

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