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Quote On Bank Nifty :The Bank Nifty index after Friday`s gap-up opening was unable to continue the momentum Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 14 October 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index after Friday's gap-up opening was unable to continue the momentum on the upside. The index immediate resistance is seen at the 39,500-40,000 zone where a significant amount of call writing has been visible. The index if breaks the resistance with volumes will see a sharp short covering on the upside towards 41,500-42,000 levels. The lower-end support of 38,400 will act as a line of defense and if breached will open up gates for further downside."
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