Yesterday after higher opening at 42234 Bank Nifty corrected upto 42080 in 1st leg of the session. After taking support from crucial Technical support area very smart vertical journey upto 42450 & daily basis settled at 42372.
Day to day basis up almost 300 points & formed a bullish candle on the daily frame.
It has to hold 42000 & if stays above 42250 may move towards 42500 & then 42750 to 43000. Below 41900 – 41700 < supports>.
Intraday basis :- Positive above 42450 then Resistances are 42525-42625, Major 42750.
Negative below 42336 then supports are 42225, 42150 and 42070. Major 41990-41920.
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Source : Eureka
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