Quote on Bank Nifty : The index witnessed aggressive call writing Says Kunal Shah, LKP Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/4160b9cf9858fc1f533cb732cc640db1.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below View on Bank Nifty 16 February 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index witnessed some selling pressure from the higher levels and failed to close above the level of 42,000. The index witnessed aggressive call writing at 42,000Ce strike and a breach above this will lead to further short covering on the upside. The immediate downside support stands at 41,400 and if breached will lead to further selling pressure.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Infrastructure3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/202407063184407.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GV_Radisson_Hotel_Group.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Sumita Dawra_Employment.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/oil and gas_45.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/power67.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/DematAccount67.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/bank 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Amazon21Feb.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/d3007466bfcf977fd2481dcd288fea08.jpg)
Market Quote by S Hariharan, Emkay Global Financial Services
![Quote on today`s Nifty 03rd December 2021 By Rohit Singre, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/4c055c2ffac206d7ef4aa15fab1d5078.jpg)
![Morning Market Quote : The 1000 point rally in the Nifty in the last one month has imparted momentum to the market Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Broker _24.jpg)
![Daily Market Analysis : Markets showed resilience amid weak global cues and ended marginally in the green Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/d56f84fbda3c0f1d40864333b23e515c.jpg)