View on Bank Nifty : Bank Nifty had a decent gain when it closed for the day Says Rupak De, LKP Securities
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Below View on Bank Nifty 04 October 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Bank Nifty had a decent gain when it closed for the day. On the daily chart, the index has closed above 50 EMA which is a bullish setup. The RSI has narrowed down its negative crossover. The trend looks positive. On the lower end, support is placed at 38500, resistance on the higher end is visible at 39500/40000."
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