Nifty Spot On the Down side

By a staff reporter:

Nifty is in reversed down mode and the downward correction is on the way but exactly supported by 5 Day SMA at 17777. If breaches then bears aim to fill rising time Gap in between 17791-17703. Bulls will try to prevent themselves to hold 17777 or either from 17700 mark. Any decisive break down below 17700 then only that to be extended towards 17635 --17588 & very major 17513.

On the upside :-

Immediate hurdle 17888-17920. If breaches & stays above then next Barriers are 17980—18027 & major 18114. Fresh bullish strength above that to test towards 1st previous top 18350 & then more.

Pre-Open Daily Tech view of Bank Nifty Spot_07.04.2022

The Bank Nifty opened gap down at 37711, trading lower the entire session. Bank Nifty fell 435 points or 1.1% to 37633.This has also taken the support of 5 DMA at 37550/500 range. Lower edge of the current Gap support at 37200.

On the down side :- Support 37475 & followed by 37350. Major 37200-37000. Should hold.

On the upside:-Resistance levels are placed at 37700/777-37877 and major 37960/38026..

For Opening DP and Trading account, Mutual Fund Investments and Two/Four Wheeler Insurance Renewal, please contact 9836000699

#sharemarket #financialmarket #opentrading #opendemataccount #opendemat #sharemarket #insurance #insurancebroker #insurancebroker #trading #Buyback #IPO #mutualfunds #mutualfundinvestment

Exclusive for ANM News Viewers - ANM's Financial & Insurance Related News - To join our group please visit https://www.facebook.com/groups/668263891032421

Source : Eureka

Please register at https://kyc.eurekasecurities.net/home/index/729 for opening Trading and Demat Account.