Pre-Open Daily Tech view of Bank Nifty Spot for 21-11-2022

Bank Nifty closed at 42437. D to D basis -21 points and formed a bearish candle with long lower shadow

as the closing was lower than opening levels. Weekly basis strong closing rather than Nifty.

Technically it has to hold 42350 & if crosses 42500/620 mark then initially to test primary hurdle 42750.

On the upside:-Above 42500 key resistance levels are placed at 42620 followed by 42750 & 42800.

On the downside :- Immediate support at 42350 & then Key supports are 42255 -42115 & 42020.

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Source : Eureka

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