Pre-Open Daily Tech View of Bank Nifty Spot for 01-09-2022

BY A STAFF REPORTER 



Bank Nifty last day also started with a Gap up opening with a gain of 240-points at 38517 and initially after crossing 20DSMA 38650 made a strong move as the day progressed to hit an intraday high of 39606. Day to Day basis mammoth rise 1260 points & closed at 39537. It formed a robust bullish candlestick pattern on the daily charts.



Bank Nifty surpassed immediate hurdles 38888 - 20 DSMA = 38650 & major 38500 which will now act as strong support on the downside. On the upside indicates targets of 40000- 40400 & extended basis 41000-41500 after crossing recent top 39760.



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Source : Eureka

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