Pre-Open Daily Tech view of Bank Nifty Spot for 27-10-2022
New Update
BY A STAFF REPORTER Last Day like Nifty Bank Nifty also opened with a gap more than 200 points at 41514 and immediate basis High printed at 41530. But not only failed to hold 41500 but also corrected below Muhurat day’s low 41200 and day’s low made at 41021.
Index completely erased the Muhurat day’s opening Gap <41000-41200> but settled above 3 DSMA 41062 at 41123. Day to day basis down 182 points and formed a bearish candle on a daily scale with a profit booking decline of 500 points from top to bottom.
On the upside :- It has to hold above 41000 mark to make an up move towards 41250 – 41377 and 41530 levels. Then break out swing basis 41677—41840.
On the down side :- Supports are placed at 41000 –40900 and 40700 < major 5 DSMA/DEMA> Short term basis fresh down move below 40700 but as long as holds up trend may continue.
Please contact the below telephone nos for Demat and Trading Account Opening. +91 98312 00699 / 82749 09974
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