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Published on 5/12/2022 5:16:05 PM | Source: LKP Securities

Quote on Bank Nifty: The bulls defended the Bank Nifty from the lower end and the index ended on a high note Says Rupak De, LKP Securities

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Below View on Bank Nifty 05 November 2022 By Rupak De, Senior Technical Analyst at LKP Securities

"The bulls defended the Bank Nifty from the lower end and the index ended on a high note ahead of the key events. The index remains in buy mode as long as it holds the support of 42,800 on the downside. The higher-end resistance is visible at 43,500 where a significant amount of call writing has been observed. The index is likely to consolidate in a broad range between 42,500-43,500 and a break on either side will lead to trending moves."

 

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