Quote on Bank Nifty 28th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Bank Nifty 28th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
"Bank Nifty closed with a bullish candlestick on the daily chart after taking support near the crucial 53,800 level, where buying interest emerged. However, despite this recovery, the broader chart structure remains weak, suggesting that the index may continue to face selling pressure at higher levels. Hence, a sell-on-rise approach should be maintained until the index decisively reclaims the 55,500 mark. The 20-day moving average is likely to act as a dynamic resistance. On the downside, the 53,800–53,700 zone remains a crucial support area."
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