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BY A STAFF REPORTER:
Bank Nifty also opened lower at 33181 & low printed at 33123 but taking double bottom support near 33000-33100 gave a bounce towards 33600 but failed to hold that higher zones & finally settled at 33311 down by 95 points D to D basis.
It also formed a small-bodied Inverted Hammer pattern on the daily scale. 33000 positional basis strong support as long as holds chances of short term reverse move otherwise if breaches than fresh down fall possible.
On the up side:- Bulls need to move above 33487 for a move towards 33600. Then only 33850-34030.
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Source : Eureka
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