By a staff reporter-Bank Nifty opened positive at 38811, but failed to hold above 39,000 and remained under pressure for the entire session. It touched the 38185 level during the day with a slight recovery in the last session and closed at 38359, day to day basis down by 257 points.
It formed another bearish candle on a daily scale and has been making lower highs - lower lows over the last 5 sessions.
Current range 38900 to 37900.
On the up side :- Immediate resistance 38500 & then 38888. Major 39100/300.
On the down side :- Immediate support 38185 & then 37925. Vital at 37777/666.
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Source : Eureka
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