Quote on Bank Nifty: The options data suggest a range bound between 42,500-43,500 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 29 November 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index faced lackluster movement and failed to surpass the hurdle of 43,500 on the upside. The index immediate support on the downside stands at 42,800 and if breached will see further declines toward the 42,500 level. The options data suggest a range bound between 42,500-43,500 where a significant amount of put and call open interest is built up."
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