Pre-open daily Tech view of Bank Nifty Spot_24.03.2022

By a staff reporter:

Yesterday Bank Nifty after higher opening at 36627 climbed up to 36827 levels but failed to hold that bullish momentum above 200DMA 36700, whipsawed there. Correction started & through out the day correction continued amid volatility, hit a day's low of 36064, and finally settled at 36147, down by 201 points. The index formed a bearish candle on daily scale.

On the down side :- Bears need to move below 36060 for a move towards 35865—35708 & 35555.

On the upside :- Bulls will get active above 36250 for a move towards 36350—36444 & major 36666.

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Source : Eureka

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