Weekly Technical view point of Bank Nifty Spot :- PART C

​By a staff reporter : 

Weekly Open :- 35424, Low:- 34817 then High 35910 & closed at *35627*.

W to W basis up 594 points & weekly Low High difference 1100 points~.

Weekly basis positive candle after previous week big red candle.

*Positive move highly expected on Monday and initial low will be crucial to decide the trend.*

*Main expected weekly Range 36500 --- 35050*

*On the Upside* :-

•    *Bulls will get active above 35727 & more active above 35798* for a move towards 35910/980 & major *36086 < this is the big ceiling for upside and may react 1st >.*

•    More move only above that & then projected extended hurdles are 36152/36248 & 36317.

•    Major swing based upper resistances *36500*-36600.

*On the Down side*

*Bears will get active below 35530 to 35500* for a move back to 35415/360.

Only below 35360 more bear action & then extended lower supports are *35240 / 35161 < rounded 35200 >.*

Major swing based lower supports *35050* & very major 34930/820.

Source : Eureka

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