Pre-Open daily Tech view of Bank Nifty Spot for _07-07-2022

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Pre-Open daily Tech view of Bank Nifty Spot for _07-07-2022

BY A STAFF REPORTER 



Yesterday, Bank Nifty started with higher opening at 33929 and through out the day maintained it’s positive biasness crossed 30dma = 34130 & climbed up to 34388 & settled at 50dma = 34324. Day to day basis up by 508 points or 1.5% formed a bullish candle on the daily charts.

Banks movements relatively stronger maintaining the strong support 33800/700 <5-9 dma> & this rally may continue towards 35000-35400 <200ema> as a swing basis.

Intraday basis:-

On the upside:- Resistances are above 34482 - 34603 & then 34678-34800.

On the down side:- Supports are 34165--34044--33970 & 33850.

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