Pre-Open Daily Tech view of Bank Nifty spot for 08-12-2022

BY A STAFF REPORTER

Yesterday Flat Opening at 43157 and moved in a range of 380 points. It closed 40 points lower at 43099.
Day’s high 43327 & low 42948. Consolidation narrow range bound phase in between 43400—42900 is going on. It formed a small bodied bearish candle on the daily charts, with longer shadows indicating swings on either side.

It has to hold above 43000/42900 to make an up move towards 43300 and 43500, with supports at 42750 and 42500.

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Source : Eureka

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