Pre-Open daily Tech View of Bank Nifty Spot for 20.06.2022

Last Friday Bank Nifty settled -1740 points weekly basis huge corrective week at 32743 <+126 pts> after Thursday’s mammoth correction . This was the 1st day Green candle (CL>> OP) but still formed lower top & lower bottom formation.

On the upside :- 32930 is the important zone for Monday session. For minimum reverse rally primary condition is price sustainability above that then it may move towards 33070--33200 intraday basis.

Swing basis major hurdles are 33400 & then only 33600.

On the Down side :- As long as swing basis stays below 33000-33100 weakness persists. Intraday basis supports are 32500/400 & 32300. If slips below 32290 in the next session fresh weakness. Extended basis Supports are 32180—32070 & 31850.

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