Quote On Bank Nifty :The Bank Nifty index witnessed some selling pressure on the higher end Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 13 October 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index witnessed some selling pressure on the higher end and faces stiff resistance around the 39,500-40,000 level where aggressive call writing has been seen. The index remains in a downtrend with lower high and lower low formations intact. The index if breaches below 38,400 on a closing basis will lead to further sell-off towards 38,000-37,500 levels. The immediate upside resistance is placed at 39,000 and if breached will see some short covering moves"
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