Quote on Bank Nifty 24th September 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Bank Nifty 24th September 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
"Bank Nifty has witnessed a consolidation breakdown with a gap-down opening on the daily chart, breaching the crucial 55,800–56,000 support zone. A follow-up move below 56,000 will be important to confirm further downside momentum. Hence, index traders can maintain a sell-on-rise approach as long as Bank Nifty sustains below the 57,000 level. However, follow-up selling remains crucial for confirmation. On the downside, the next support is placed near 55,200, where the 100-SMA on the weekly chart is placed, while resistance is seen at 56,000–56,200."
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