Quote On Bank Nifty :The index once closes above 40,500 will witness a further up move towards 41,000-41,500 levels Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 19 October 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index faces some selling pressure at the higher levels and failed to close above the level of 40,500. The options data indicates the resistance at 40,500 where the highest open interests are built up on the call side. The index once closes above 40,500 will witness a further up move towards 41,000-41,500 levels. The index remains in a buy-on-dip mode with strong support at the 40,000-39,800 zone."
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