Pre-Open Daily Tech view of Bank Nifty spot for 04.05.2022

BY A STAFF REPORTER

Last day like Nifty as expectation though started with a negative gap down opening at 35628 but managed to hold its opening zone and made a good recovery to hit the day's high of 36235 in the last hour. It settled at 36164 up by 75 points and It formed a big bullish candle on the daily scale.

On the upside :-
As bulls able to hold 36000 & after 600 points big bouncing try to cross crucial hurdle 36260 and after that may tend towards next resistances 36470—36666.

On the down side :-
Supports are placed at 35850/777 and major 35555 levels.


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Source : Eureka

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