Pre-Open Daily Tech View of Bank Nifty Spot for 26-08-2022

New Update
Pre-Open Daily Tech View of Bank Nifty Spot for 26-08-2022

BY A STAFF REPORTER: 

Yesterday session started with a positive note at 39190 and that moved towards 39472 but not only failed to cross 39500 mark but also failed to hold at higher levels and corrected vertically at the last leg of the session. Not only erased the morning gains but also corrected upto 38803 i.e. 5DSMA & then finally settled at 38950. Day to day basis down by -88 points.





It has formed a bearish candle on daily scale but is still forming higher highs from three sessions.





Initial 1st 15 mins high and low will be very crucial for today’s intraday trading purposes.





On the Upside :- Positive above 39075 for a move towards 39200—39333—39450.



Swing based major Resistances are 39600—39750.





On the down side :- Negative below 38777 for a move towards 38686-38540 – 38400.



Swing based major supports are 38277-38164.





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Source : Eureka

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