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Bank Nifty is facing significant resistance at 45000, hindering its upward movement Says Rupak De, LKP Securities
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Below View on Bank Nifty 14 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Bank Nifty is facing significant resistance at 45000, hindering its upward movement. As long as it remains below this level, a clear directional up move is unlikely. Support is established at 44700 on the lower end. The bullish crossover on the momentum indicator RSI suggests positive momentum. Going forward, the index may continue to consolidate with the bands of 44500-45000; any decisive breakout on either side may create a directional trend.
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