Quote on Bank Nifty : The index witnessed aggressive call writing 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 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
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