Pre-Open Daily Tech view of Bank Nifty Spot for 03-08-2022

BY A STAFF REPORTER: 

Bank Nifty also opened lower at 37768 and remained volatile throughout the session. Day’s low was at 37632 and then high printed at 38180 before ending the session 121 points higher at 38024, the highest closing since April 5. It formed a bullish candle on the daily charts.

The volatility is likely to increase ahead of the RBI policy. One should keep a buy-on-dip approach with immediate support at 37400 levels.

Intraday trading levels are :-

R:- 38160—38444—38700--38990

S:- 37750—37560—37400—37217

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Source : Eureka

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