Quote on Bank Nifty : Bank Nifty closed with selling pressure, breaking below the previous consolidation level Says Rupak De, LKP Securities
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Below View on Bank Nifty 24 May 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Bank Nifty closed with selling pressure, breaking below the previous consolidation level. The Relative Strength Index (RSI) is in a bearish crossover, indicating a negative sentiment. The support level is placed at 43,500; a fall below 43500 may trigger further correction in the Bank Nifty. Resistance levels are situated at 43,700 and 44,000, where call writers are waiting with their positions.
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