Pre-Open Daily Tech View of Bank Nifty Spot for 16-08-2022

BY A STAFF REPORTER

Last Friday Bank Nifty started with a positive note at 38942 maintaining the higher top higher bottom formation low printed at 38740 & High made at 39088 & closed above 39000 at 39042. Day to day basis up 163 points & formed a small-bodied bullish candle. It is weekly basis 8 weeks consecutive higher closing without showing any sign of reversal and so supports are gradually shifting higher which placed at below 38740 -38650 and 38500 levels. Current hurdles are 39250—39400 & 39555.

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Source : Eureka

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