Quote on Bank Nifty: The index downside support now stands at 42,000 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 26 December 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The BANK NIFTY index witnessed a sharp up move after a massive sell-off in the previous week. The index downside support now stands at 42,000 where aggressive put writing has been observed. The next hurdle on the upside is seen at 43,000 where the highest open interest is built up on the call side. The index remains in buy mode as long as the mentioned support is held on a closing basis."
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