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Pre-Open daily Tech view of Bank Nifty Spot for 09-11-2022 & onwards
Monday Bank Nifty started the week nearly 500 points higher at 41741 and initially high printed at 41779 but then corrected through out the sessions & erased the maximum morning gain. Corrected upto 41337 & that was exactly 5/9 mov juncture support.
Taking support from there in last 2 hours gave a very smart rally & moved up further upto 41758. Finally settled at 41687 up by 1% or 429 points and formed a small-bodied bearish candle on the daily charts.
On the upside:- key resistances are at 41840 followed by 42042 and 42200/350.
On the Downside:- The index would remain in buy mode as long as it will hold the support of 41300 & 40800.
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Source : Eureka
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