Pre-open Daily Tech View of Bank Nifty Spot for 11-07-2022

Bank Nifty Outperformer but Friday’s movement was exactly same as Nifty < Op & High almost same at 35260~ - low 34977 & closed at 35124 >. Cl< Op but day to day basis high 204 points. After 3 days consecutive basis huge rally. Now Bank nifty lying in a 2 crucial figures – on the down side 34970 & upside 35300. Only above 35300 may face hurdles near 35440 to 35550. Traders may slight Cautious at higher as side wise movements possible in between 35500 to 34700.

On the upside :- Positive above 35164 then intra basis resistances are :- 35266—35350 & then 35440. Strong hurdle 35550-666.

On the down side :- Below 35070 then intra basis 1st support 34970 & then 34870/800 -34700.

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Source : Eureka

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