Quote on Bank Nifty : Bank Nifty bears continued to attack the index from higher levels Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 27 March 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty bears continued to attack the index from higher levels and the index faced stiff resistance at the 39,800-40000 zone. The index is stuck in a broad range between 39000-40000 and a brake on either side will have trending moves. The monthly expiry has the highest open interest build up at 40000 ce and any trade above this will lead to sharp short covering.
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