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
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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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