Put writers likely to safeguard 19,400 on Diwali Muhurat trading day: Rupak De

Bank Nifty discovered support at the 21-day Moving Average (DMA) before surging towards the day's peak. The prevailing trend indicates a potential movement of the index towards 44000/44200. At the lower end, 43500 is expected to serve as robust support. A breach below 43500 could potentially lead the index towards the range of 43000-42800.

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