Quote on Bank Nifty 30th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

2026-10-30 06:17:40 pm | Source: LKP Securities Ltd

Quote on Bank Nifty 30th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 30th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

"Bank Nifty closed with a bearish candlestick formation on the daily chart, indicating near-term weakness. However, the index managed to form a bullish green candlestick on the weekly chart, suggesting some underlying resilience. Overall, the broader trend remains bearish, and a bullish stance is warranted only after a decisive reclaim of the 55,200 level. Until then, the index is likely to remain in a consolidation phase, with immediate support placed at 54,000 and resistance at 55,200. Traders can closely monitor these levels for directional cues."

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Quote on Bank Nifty 30th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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