Quote On Bank Nifty : The index lower-end support stands at 4200 Says Kunal Shah, LKP Securities

21/11/2022 5:01:51 PM | Source: LKP Securities Ltd

Quote On Bank Nifty : The index lower-end support stands at 4200 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 BANK NIFTY index continued to witness a tug-of-war between the bulls and the bears and the index formed a Doji candle on the daily chart. The index lower-end support stands at 42000 where the higher open interest is built up on the put side which will act as a line of defense for the bulls. The bears are forming a grip around the 42,500-42,600 zone and if breached on the upside will lead to a sharp short covering move towards 43,500-44,000 levels."

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Quote On Bank Nifty : The index lower-end support stands at 4200 Says Kunal Shah, LKP Securities

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