Pre-Open Daily Tech View of Bank Nifty Spot for 15-09-2022 & onwards

BY A STAFF REPORTER

Yesterday Bank Nifty opened 565 points lower at 40309 but immediate basis bulls turned back from there crossed 5DSMA 40700 & gave a mammoth surging. The Index only crossed previous day’s high 40904 but also with a strong bullish action zoomed towards 41600 & finally settled at 41405.Day to day basis up +532 points and formed a large bullish candle on the daily charts.

On the upside :- For further upmove it has to hold above 41250 to move towards its all-time high of 41829 and 42000. 1st Resistance 41650.

On the down side :- Supports are placed at Below 41250 -- 41000 and major 40700 to 40500 levels.

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Source : Eureka

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