Quote on Bank Nifty : A clear and decisive market move is expected only after the policy announcement Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 09 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index remains caught in a struggle between the bulls and bears, particularly in anticipation of the upcoming RBI policy.
A clear and decisive market move is expected only after the policy announcement, as this event could potentially influence the market sentiment significantly. There is a support level evident at 44500, while a resistance level stands at 45150. Breaking above or below either of these levels could trigger sustained trending moves in the index.
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