Pre-open Daily Tech view of Bank Nifty Spot for 07.06.2022

BY A STAFF REPORTER 

Yesterday lower opening at 35159 but managed to bounce from 35072 to 35425. But after facing 5 dma hurdle at 35444 finally settled at 35310 up by 35 points day to day basis.

It remained in a range of 300 points for the most part of the session and formed a small-bodied bullish candle on the daily scale.

As a swing basis for fresh move it should cross & stay above 35500 to move towards 35777/35888 and 36000, while on the downside, support is seen at 35000 and Major 34600/550.

Intraday basis Trading levels are :-

Resistances :- 35444—35550—35621. Major 35777.
Supports :- 35270—35113—34980. Major 34850.

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Source : Eureka

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