Quote on Bank Nifty : Bank Nifty exhibited high volatility while trading within a narrow range during the observed period Says Rupak De, LKP Securities
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Below View on Bank Nifty 6 June 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Bank Nifty exhibited high volatility while trading within a narrow range during the observed period. On the daily chart, it formed a doji candle, signaling market indecision. This suggests that the overall trend is expected to remain sideways, without a clear direction in the index's movement. A support level is identified at 44,000, and if the index falls below this level, it might correct down towards 43,700. On the other hand, resistance levels are observed at 44,300 and 44,500, acting as barriers to further upward movement.
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