WEEKLY TECH View of Bank Nifty Spot:-

By a Staff Reporter:  WOP :- 38850 - HIGH :- 39100~ - LOW :- 37750~ - CLOSE:- 37976 –

Another bearish candle as consecutive basis.

Since Oct 25th Bank Nifty corrected from top 41830 & now low 37748.

4082 points already corrected from top.

W to w basis -757 points & last day day to day basis down -65 points.

On the Downside:-

Only Below 37744 – immediate support 37680 & crucial retracement support 37450.

If holds then good for bulls otherwise below that Trend line supports 37333 & Very Major 37111 <20weeks moving avg >. 37100-36800 should hold.

On the Upside :-

Current pull back if occurs then 38450/500 immediate resistance ---fresh move if only stays above that & then 38666 major 38888. Major. <>. —39300/450 <~20dma >

Crucial retracement barrier 39133. Then only next move possible towards 39300/450 & 39700.

Source : Eureka

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