Quote on Bank Nifty : The next support is visible at 40000 where some amount of put writing is visible Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 16 February 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The BANK NIFTY bears continued to attack at the higher levels and the index witnessed selling pressure throughout the day. The trend remains negative and one should keep a sell-on-rise approach as long the index stays below the level of 41,500 where the highest open interest is built up on the call side. The next support is visible at 40000 where some amount of put writing is visible.
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