Pre-Open Daily Tech view of Bank Nifty Spot for 31-10-2022

BY A STAFF REPORTER 

Last Friday Bank Nifty was in under pressure. After lower opening at 41236 further tried to cross & stay above 41500 as a 3rd consecutive day but failed, High printed at 41482, then corrected upto 40840 & finally settled at 40991. Day to Day basis down -308 points and formed a bearish candle on the daily charts.



On the Upside :- immediate hurdle 41111. Positive above that & then 41350 & 41550.

Swing basis fresh break out above 41550 & then Resistances are 41710 - 41840 & 41955.



On the down side:- Below 40840 supports are 40726--40666 & 40461.





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Source : Eureka

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