Pre-Open Daily Tech View of Bank Nifty Spot for 06.05.2022

BY A STAFF REPORTER 

Yesterday positive opening at 35705 but whipsawed at 35935 then in second half witnessed weakness from highs as the index lost all its intraday gains and drifted from 35935 to 35134 levels.

Closed with losses of 31 points at 35233. Formed a bearish candle on a daily scale and in last 2 days candle printed almost same bottom at 35130.

On the Down side :- Gap down opening is expected below 35100 for a move towards 34930-34750-34650 & major 34500 to 34250.

On the upside :- Bulls need to move above 35356 for a move towards 35480—35555 & 35666.

Major 35750-36000.

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Pre-Open Daily Tech View of Bank Nifty Spot for 06.05.2022

Source : Eureka

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