Pre-Open Daily Tech view of Bank Nifty Spot for 04-11-2022

BY A STAFF REPORTER: 

Gap down Lower opening at 40819 then in 1st leg of the session moved upto 41478 but failed to cross 41500, slipped further but intraday basis hold 41200 mark and finally settled at 41298 above 5/9 DSMA juncture point 41200. Though Day to Day basis up 152 points & formed a green Candle as Closing > Opening after taking support at 40800.

On the Upside :- Res :-If it holds above 41200 then it may move towards 41500 & above that major 41640—41800. Crucial hurdle 42000.

On the Down side :- Sup :- 41200. If breaches then below that 41000/40919 & major 40800-40566.

Main Range 40800—41800.

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Source : Eureka

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