Bank Nifty last Friday finally settled at 36738 with a Gap up opening at 36323. Day’s high was 36823 & Low 36286.
Day to Day basis up by 538 points & which is the highest closing since 21st April’22. The index closed 538 points higher and formed a strong bullish candle on the daily scale.
It is forming higher highs, higher lows for the last five sessions, with the support base gradually shifting higher.
On the down side :- Current Support 36400 <200DSMA> //36300 & below that major 36000 <5DSMA> // Gap support 35870. Swing based fresh weak below that then 35450 <200DEMA>
On the Upside :- 36850/37000 is the 1st resistance zone & then only 37212—37340 & major 37544.
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