Pre-Open Daily Tech view of Bank Nifty Spot for 28-12-2022

Pre-Open Daily Tech view of Bank Nifty Spot for 28-12-2022

Yesterday Bank Nifty started the session with positive Opening at 42828 and after early declines, it managed to hold the 42400 level and headed higher to hit a day's high of 42927. The Index settled at 42860 up by 229 points and formed a Doji kind of pattern on the daily charts, indicating a bit of indecisiveness among buyers and sellers about future market trends.

On the Up side:-

Bulls will wait to close above 42700 & stays above 42900 for 43024-43150-43230/333.

On the downside :-

Bears will get active below 42700 for a move towards 42570—42490—42365.

Down side strong support at 42300 <50dsma>.

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Source : Eureka

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