Pre-Open daily tech view of Bank Nifty Spot for 08-08-2022

Like Nifty Last Friday Bank Nifty also started the session more than 100 points higher opening at 37868 and gained strength in the first half of the day to hit a day's high of 38150. It fell from that level and took support near 37780 levels, before closing with gains of 165 points at 37921. It formed a Doji or Inside Bar kind of pattern on the daily scale.

Now technically for coming sessions to move forward it has to hold above 37777 levels to make an up move towards 38250 and then 38555 levels, whereas on the down side supports are placed at 37500 and 37250 zones.

*On the upside Resistances are :- Above 37965—38150 & then 38250 - 38333—38475.*

*On the down side Supports are :- 37700—37600 & then 37500 - 37350.*

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