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Quote on Bank Nifty : Bank Nifty displayed continued weakness after an initially positive opening Say`s Rupak De, at LKP Securities
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Below Quote on Bank Nifty 22 August 2023 from Rupak De, Senior Technical analyst at LKP Securities:
"Bank Nifty displayed continued weakness after an initially positive opening. The daily Relative Strength Index (RSI) has entered into a bearish crossover pattern. On the downside, there's a possibility of a decline towards the 43800 mark; breaching this level could lead to a further drop towards 43500. Conversely, the upper end is met with resistance around 44200."
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