Pre-Open Daily Tech view of Bank Nifty Spot for 26-07-2022

BY A STAFF REPORTER 

Yesterday Bank Nifty started the week with a higher opening at 36767 then High printed at 37011 but failing to stay above 37000 corrected almost 550 points from there, low printed at 36464. It moved within a range and recovered in the second half but finally closed near its opening levels, with a loss of 12 points at 36726.

Now current narrow range is 36500—37000. Down side major 200DSMA 36420 & followed by 36250 <5DSMA> may act as immediate supports. Upper side resistances 37000—37250.

Intraday cum swing levels are :-
R:- 36850—36950 & then 37050—37250.
S:- 36666—36555 & then 36420—36250.

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Source : Eureka

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