Bank Nifty Spot Weekly

By a staff reporter:

‌Last week - week to week basis very big surging in Bank Nifty up 3% or 1128 points.

‌Bank Nifty above the 38000-mark for the first time after crossing it’s life time high 37708.

‌Weekly Op :- 36608 - Weekly Low :- 36327 – Weekly High :- 38112 & Weekly Close :- 37812.

‌Bank Nifty printed a strong bullish engulfing candle formation on the weekly scale with minor upper & lower shadow though last Friday’s candle is Bearish hanging man type with long lower shadow.

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‌Supports :- Below 37600-- 37444 & then 37144. If breaks then only 36866. Major support 36666/500.

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‌Resistances :- Above 37950—38112/250—38400/500 & then major 38770—39050.

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Source : Eureka