Intraday Trading ideas of Bank Nifty Spot for 11.05.2022

By a Staff Reporter:  Like Nifty Bank Nifty also started with lower opening at 34181 < Low 34176 > but gained strength to hit the day's high of 34781. But failed to stay there & after erasing gain settled at 34483, up by 207 points. Formed a bullish candle on the daily charts.

The Bank Nifty has support at 34000/33900 levels, while resistance is expected to be at 34800/35000.

On the Upside :- Positive above 34555 then Resistances are 34639- 34785 and then 34865/35000.

On the down side :- Weak Below 34400 then supports are 34250-34170 & then break down support 34000—33900.

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Source : Eureka

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