View on Bank Nifty : The Bank Nifty index on the upside failed to surpass the resistance zone of 39,500 Says Kunal Shah, LKP Securities
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View on Bank Nifty 11 October 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index on the upside failed to surpass the resistance zone of 39,500 where aggressive call writing has been witnessed. The lower-end support stands at 38,000 and if it fails to hold it on a closing basis, it will see further downside. The index with crucial data to come out of the global market will be trading in a broad range between 38,000-39,500."
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