View on Bank Nifty : The Bank Nifty index witnessed some profit booking Says Kunal Shah, LKP Securities
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View on Bank Nifty 15 September 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index witnessed some profit booking at higher levels which indicates 41,800-42,000 will act as an immediate hurdle on the upside. The lower-end support stands at 40,000 levels where one of the highest open interests is built up on the put side. The undertone remains bullish and once should keep a buy-on-dip approach as long as it holds the support of 40,000 on the downside
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