Pre-Open daily Tech View of Bank Nifty Spot for 06-09-2022

BY A STAFF REPORTER
Yesterday after almost flat opening at 39412 and that was day’s almost low 39407, maintaining 39400 as a support advanced gradually through out the day, high printed at 39865 & settled at 39805 as a break out closing above previous top 39759.
 
Day to day basis it gave 385 points higher closing after last Friday’s Doji type of indecisive candle and formed a bullish candle on the daily charts.

On the upside :- 39800/40000 may act as initial barrier. If surpasses smoothly then we may see another 1000+ points strong move towards 41000/41100 possible.
Above 39900 – Resistances are 40040—40250 & 40490.

On the down side:- Immediate support 39550—39400. To maintain the up trend should not break the 5DSMA 39250/200. Short term weakness only below that then 38888 = 20DSMA crucial support.

Please contact the below telephone nos for Demat and Trading Account Opening.
+91 98312 00699 / 82749 09974

For Opening DP and Trading Account online, please visit
https://kyc.eurekasecurities.net/home/index/729
#sharemarket #financialmarket #opentrading #opendemataccount #opendemat #sharemarket #insurance #insurancebroker #insurancebroker #trading #Buyback #IPO #mutualfundinvestments
#SIP #investment #mutualfunds #mutualfundinvesting #sharemarket #stockmarket #investing #mutualfundsindia #equity #debt #hybrid #money #growth #wealth #trading #finance #investor #savings #wealth

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.