Quote on Bank Nifty 21st September 2026 from Vatsal Bhuva, Technical Analyst at LKP Securities

2026-09-21 05:52:28 pm | Source: LKP Securities Ltd

Quote on Bank Nifty 21st September 2026 from Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 21st September 2026 from Vatsal Bhuva, Technical Analyst at LKP Securities

"Bank Nifty closed with a small-bodied candlestick on the daily chart, indicating indecision after the recent recovery. In Monday’s session, the index faced selling pressure near the 38.2% Fibonacci retracement level around 56,670, which coincides with its 100 DMA. A sustained breakout above 56,700 and a decisive reclaim of the 100 DMA could strengthen the recovery momentum towards 57,000–57,275 levels. On the derivatives front, 56,000 Put OI and 57,000 Call OI remain significant, while PCR at 1 indicates a neutral setup. Hence, 56,000 remains key support."

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Quote on Bank Nifty 21st September 2026 from Vatsal Bhuva, Technical Analyst at LKP Securities

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