View on Bank Nifty 19th September 2022 By Kunal Shah, LKP Securities
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Below are View on Bank Nifty 19th Sept 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index witnessed consolidation in the range of 40,500-41,500 and this is likely to continue ahead of the US FOMC meeting which is lined up this week. On the derivative front, the highest open interest on the call side is built up at 41,500 and support is visible at 40,000 where the highest open interest is built up on the put side. Traders should place up for the volatility in the coming days and should trade on both sides."
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