Pre-Open Daily Tech view of Bank Nifty Spot for 08-09-2022

BY A STAFF REPORTER​

Yesterday Bank Nifty started the session with lower opening at 39338 and then range bound session in between 39300-39550 range with a negative bias. It finally settled at 39456 down by 211 points day to day basis and formed small bodied bullish candle, as the closing was higher than opening levels.

Bank Nifty’s broader trading range is 1500 points on up side 40000 & down side 38500.Trending move possible on a break on either side.

On the upside :- Positive above 39600 then Resistances are 39730—39820—39950 & 40070.

On the down side:- Support 39360—39260. Weakness only below 39260 for a move towards 39072 & 38888.

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Source : Eureka

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