View on Bank Nifty : The Bank Nifty index witnessed some buying from the previous gap zone Says Kunal Shah, LKP Securities
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View on Bank Nifty 15 July 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index witnessed some buying from the previous gap zone, however the trend remains sideways. The index downside support stands at 34,400 and resistance stands at 35,300. The index needs to break the range on either side for getting a clear trend. The index if it breaks the support of 34,400 will lead to further selling pressure towards 34000 where the highest open interest is built up on the put side."
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