Quote On Bank Nifty : The index is on the verge of a breakout which will be triggered above the level of 42,600 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 21 November 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The fight between the bulls and the bears continued in the Bank Nifty index and the day ended on a flat note. The index is on the verge of a breakout which will be triggered above the level of 42,600 on a closing basis. The undertone remains bullish and the support is visible at the 42,200-42,000 zone which will act as a cushion for the bulls. The open interest data suggest 42,000 as a line of defense as the highest open interest is built up on the put side."
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