Quote on Bank Nifty 15th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

2026-10-15 05:12:34 pm | Source: LKP Securities Ltd

Quote on Bank Nifty 15th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 15th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

"Bank Nifty witnessed a follow-up move in Wednesday’s session after reclaiming its 20 DMA on the daily chart. The index has also reclaimed the 61.8% Fibonacci retracement level, measured from 58,730 to 53,178, while the RSI has entered a bullish crossover, indicating improving momentum. Further upside could extend towards 56,200 and 56,500, where the 50 DMA and 100 DMA are placed. Immediate support is at 55,200, with resistance at 56,000–56,200. A cautious stance is advisable until the index decisively reclaims 56,500."

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Quote on Bank Nifty 15th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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