Quote On Bank Nifty : The Bank Nifty index witnessed some selling pressure from the higher levels Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 01 November 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index witnessed some selling pressure from the higher levels and failed to close above the level of 41,500. The index witnessed aggressive call writing at 41500-42000Ce strike and a breach above this will lead to further short covering on the upside. The undertone remains bullish and once should have a buy approach near the support zone of 41,000-40,800"
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