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Published on 23/09/2022 5:24:46 PM | Source: Geojit Financial Services Ltd

Quote On Nifty : The Bank Nifty index last week witnessed extreme selling pressure from the higher levels Says Kunal Shah, LKP Securities

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Below View on Nifty 23 September 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities

"The Bank Nifty index last week witnessed extreme selling pressure from the higher levels after the key event of the US FED. The index breached the crucial support of 40,000 and closed below it, confirming the breakdown and activating the sell-on-rise mode. The index remains in a sell-on-rise mode with hurdles at 40,500 and the next support is visible at 39,000."

 

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