Pre-Open Daily Tech View of Bank Nifty Spot for 11-10-2022

BY A STAFF REPORTER 

Bank Nifty also opened more than 500 points lower at 38641 & Low 38518, took support there that was also 9DSMA support but gave a smart recovery from there & turned positive around noon. High printed at 39316 & finally settled at 39093. Day to day basis down 85 points, formed a bullish candle on the daily charts.

On the downside Bank Nifty managed to hold the support of 38500, which should act as make or break. 38800 is the immediate support & that should hold.

On the upside, faced stiff resistance at 39600. Immediate Resistance 39300.

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