Pre-Open Daily Tech view of Bank Nifty spot for 06-02-2023

Bank Nifty on Friday closed at 41500~. Up by 2.04% or +830 points. This was the 2nd consecutive bullish candle.

On the Upside :- Above 41600/700 mark important Resistance zone 41822--41930 & 42000. Current pull back rally may fizzle out there if fails to cross 42050 mark. Otherwise if stays above 42050 then bulls move to be extended upto 42388/42555 as a swing short term basis.

On the down side:- Supports are 41250/41000 & major 40740. This should not break. These are the intraday basis supports. If breaches 40700 then swing basis more negativity & may retest further 40400—40000/39800.

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Source : Eureka

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