Pre-Open daily tech view of Bank Nifty Spot for 16-05-2022

Pre-Open daily tech view of Bank Nifty Spot for 16-05-2022

Friday’s low i.e. weekly low at almost 33000 & closed at 33121.

D to D basis down 410 points.

Friday’s High 34000 i.e. current resistance & 5 dma hurdle.

On the Upside :- Resistances are intraday basis – above 33200—33377/430—33666.

Major cautious hurdle 33750 to 34000.

On the down side :- Supports are intraday basis - below 33000—32800 –32580 & major 32400.

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