Pre-Open Daily Tech view of Bank Nifty Spot for 09-12-2022

BY A STAFF REPORTER: Higher opening at 43142 and after a very big surging, crossed previous top 43515 & trended upwards to hit a record high of 43641. Settled at a record closing high of 43597, Day to day basis almost up by 500 points from the previous day. It formed a strong bullish engulfing candle on the daily charts.

If Index holds 43500 then the continuation of the uptrend may move towards 44000-44600 levels on the upside. 43300/200 is the base support now. The index remains in a buy mode and any dips should be utilised to initiate fresh long positions.

On the Upside:- Positive above 43640 --<1st Resistance> 43765 & then major 43888—43975.

On the downside :- Support area 43555/500. Below that – <1st support> 43428 & then major 43330—43242.

For Opening DP and Trading Account online, please visit

https://kyc.eurekasecurities.net/home/index/729

Exclusive for ANM News Viewers - ANM's Financial & Insurance Related News - To join our group please visit https://www.facebook.com/groups/668263891032421

Source : Eureka

Please register at https://kyc.eurekasecurities.net/home/index/729 for opening Trading and Demat Account.