Pre-Open Daily Tech view of Bank Nifty Spot_08-07-2022

BY A STAFF REPORTER: 

Yesterday Bank Nifty started the session with 300 points Gap up opening at 34627 and maintained uptrend through the day. Hit an intraday high of 34966 & closed at almost top 34920 which is the highest closing of last 20 trading sessions. Day to day basis gain almost 600 points. It formed a 2nd consecutive solid bullish candle on the daily scale & in last 2 days this benchmark rallied 1000 points from 33900 to 34900. Continuous basis several <5-6> higher top higher bottom formation was printed.

On the upside :- R:- 35000- 35126 & cautious hurdles are 35285—35425/555.

On the down side :- S:- 34750—34660 & then major Gap support 34555—34400/200.

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Source : Eureka

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