Quote on Bank Nifty 01st October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

2026-10-01 05:45:56 pm | Source: LKP Securities Ltd

Quote on Bank Nifty 01st October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 01st October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

"Bank Nifty is currently consolidating at lower levels while sustaining below its key short-term 20-DMA and 10-DMA on the daily chart, indicating weak sentiment. Repeated rejection from the resistance zone further reflects weakness in the chart structure and suggests that selling pressure remains intact. Hence, a sell-on-rise strategy may remain preferable for index traders. The immediate resistance is placed at 55,200, while crucial support stands at 54,000. Unless the index decisively reclaims the resistance zone, the near-term structure is likely to remain weak."

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Quote on Bank Nifty 01st October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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