Pre-Open Daily Tech View of Bank Nifty spot for 20-09-2022

BY A STAFF REPORTER

Bank Nifty started with a lower opening at 40685 but managed to hold the previous day's low of 40500.
After making a double bottom there moved up & High also printed at 41184. Like previous day same range of momentum in between 40500 to 41200. After some choppy trade it closed 128 points higher at 40904. It formed a small-bodied bullish candle on the daily scale.

On the Up side:- It has to hold above 5 dma = 41045 to make an up move towards 41170—41330—41555.

On the down side:- supports are placed at below 40800 - 40650 <9dma > & then 40500. Then only 40250 & 40000.

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Source : Eureka

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