Pre-Open Daily Tech View of Bank Nifty Spot for 12-10-2022

By a staff reporter-Bank Nifty opened at 39059 and gave a narrow range momentum inbetween 39175 & 38622. Not crossed 39300 on the upside & down side not broke 38500 taking support 9DSMA @ 38600. It formed a bearish candle but an Inside bar on the daily scale as it closed 380 points lower at 38712.

Nifty Bank has to hold above 38500 to make an up move towards 38850--39000 and 39250 levels, whereas below 38500 supports are seen at 38250 and 38000 levels.

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Source : Eureka

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