Pre-Open daily Tech view of Bank Nifty Spot for -12-07-2022

BY A STAFF REPORTER 

Bank Nifty was relatively outperformer & yesterday gave a strong trading note. It opened marginally negative at 35018 but gained strength to hit the day’s high of 35543. It formed a bullish candle on the daily frame and closed 346 points higher from the previous session at 35470.

It has to hold above 35200 levels to make an up move towards 35750 and 36000 levels whereas below 35200 supports are placed at 35000 and 34700 zones .

On the down side Supports are :- 35200—35000 & major 34870 to 34666.

On the Upside Resistances are :- 35673—35876 & major 36000 to 36210.

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Source : Eureka

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