Intraday Trading ideas of Bank Nifty Spot for 10.05.2022

By a Staff Reporter: Like Nifty Bank Nifty also opened with almost 500 points gap down at 34092 and after recovery in the initial half of the session, high printed at 34554 & then in rest of the session lying in a range bound note inbetween 34400/500—34200/100 & finally settled at 34275. The index fell 316 points & formed a small-bodied bullish candle on the daily scale.

On the Upside :- For Swing Traders Bulls need to move above 34350 for a move towards 34444-34577—34664. Swing basis 34750-34850 & 35000.

On the down side :- Bears will get active below 34200 for a move towards 34000 & major 33750 to 33500.

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Source : Eureka

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