Bank Nifty Spot Weekly Tech view_ 28.03.2022

By a staff reporter:

Last week Bank Nifty after 2 weeks huge bullish reversal corrected more than 1000 points from 36828 to 35204, settled lower at 35410. W to w basis down 1018 points or -2.80 %.

Important upside & down side levels against the recent rise from bottom 32155 to recent top 36828 & as per current closing 35410 :--

On the Upside :- Above 1st phase of hurdle 35700/800 ---35950 --- 36100 . If only able to cross & stays above that then extended basis 2nd phase 36333 --- 36666 & very Major 37000 . Bulls should cautious at every higher ends.

On the down side :- Below 35170 -- 35000 < S2> & 34700 . If breaches then 34440
& then extended basis 34150 .

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Source : Eureka

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