Published on 13/09/2022 5:04:57 PM | Source: LKP Securities Ltd

Quote On Nifty : The Nifty index surpassed the psychological mark of 18,000 Says Kunal Shah, LKP Securities

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Below View on Nifty 13 September 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities

"The Nifty index surpassed the psychological mark of 18,000 and managed to close above it indicating the continuation of the ongoing momentum. The index lower end support stands at the 17,900-17,875 zone and as long as the mentioned support is held it remains in a buy mode. The index immediate resistance on the upside is at 18,100 and once taken out will open the room for 18,400-18,500 on the upside.

The Bank Nifty index witnessed a gap up opening and sustained the level throughout the day which confirms the strength. The index immediate hurdle is placed at 41000 where the highest open interest is built up on the call side and once breached will see a sharp sort covering towards 41,500-41,800 levels."


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