Quote on Bank Nifty : Bank Nifty had a range-bound trading session during the expiry period Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 11 May 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
Bank Nifty had a range-bound trading session during the expiry period. A Doji candlestick pattern was formed, suggesting indecisiveness among traders. The 43,000 level served as a strong support area with the highest open interest built up on the put side. On the other hand, the 44,000 level acted as resistance with fresh call writing. Overall, the market showed uncertainty, with traders closely monitoring these support and resistance levels for potential market movements.
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