10-12-2022 04:37 PM | Source: LKP Securities Ltd
Quote On Bank Nifty :The index remains in buy mode as long as it holds the support of 38,500 on the downside Says Kunal Shah, LKP Securities
Below View on Bank Nifty 12 October 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index witnessed a breakout on the lower time frame from a triangle pattern. The RSI has also formed a double bottom which confirms the internal strength of the breakout. The index remains in buy mode as long as it holds the support of 38,500 on the downside. The higher-end immediate resistance is visible at 39,500 and once breached will see further short covering towards the 40,000-41,000 level."
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