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By Staff Reporter: *Pre-Open Daily Tech view of Bank Nifty Spot for 05-09-2022
Bank Nifty also started the session with a positive note at 39422. High printed at 39595 but slipped before 39600. Took support at 39200
It formed a Doji pattern on the daily charts, indicating indecisiveness among bulls and bears about the future trend.
On the down side :-
5DSMA = 39100~ & 20DSMA = 38800 may act as very short term important life line.
Should hold major 38500. S:- 39200—39072—38970—38800
On the upside:- 39800 & 40000 major resistance areas. R :- 39618—39770—39860—40014
Therefore immediate range 38800 to 40000.
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