Pre-Open Daily Tech view of Bank Nifty Spot for 15-02-2023

BY A STAFF REPORTER: 

Bank Nifty yesterday opened on a positive note @ 41410 then Low 41195 in the initial hour. High 41718 & closed at 41648. It formed a bullish candle & Day to day basis up by 366 points.

MAX Pain is at 41500 and PCR @1.04.
Bank Nifty is range bound mainly in between 41800—41000

On the Upside :- Bulls have chance only above 41678 & then Resistance 41750/795 subject to hold 41500. Then only fresh move towards 41860 & 41950. Major 42100-250.

On the down side :- Supports are 41500 / 41468-41410. For fresh down move bears need to break that & then next supports are 41300--41195 & 41000. Very major 40770.

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Source : Eureka

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