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Pre-Open Daily Tech view of Bank Nifty Spot for 20-10-2022
Yesterday we have seen another Gap up opening at 40557 up by 238 points & High printed at 40644 but a lack of follow-up buying was seen at higher zones and it dropped up to 40195 and closed 55 points higher at 40373.
Though the index maintained higher highs for the fourth straight sessions but formed a small-bodied bearish candle on the daily scale.
On the Up side :- It has to hold above 40150 to make an up move towards initially 40500/650 and above that 40770/40875. Major 41000 levels.
On the down side :- Below 40150 Supports are placed at 39977 - 39870 and 39700 levels.
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Source : Eureka
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