Pre-Open Daily Tech View of Bank Nifty Spot for 05.05.2022
New Update
By a staff reporter:
Yesterday all Bearish targets done. Bank Nifty slipped from 36300 and after breaking crucial 35500 low hit 35128 & closed at 35265. Day to day basis down -900 points, formed a big bearish engulfing candle.
Today reverse pull back possible but first 15 mins high and low may decide the trend of the day.
On the upside :- Bulls need to move above 35350/400 for a move towards 35567--35771. Major 35900/36000. Cautious at higher – higher level selling possible further.
On the down side :- Bears will get active below 35100 & 35000 for a move towards 34825-34626-34444. Major 34200.
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