Quote on Bank Nifty : Bank Nifty witnessed a strong recovery by the bulls after a weak start Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 05 May 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
Bank Nifty witnessed a strong recovery by the bulls after a weak start. The support level at 43,000 demonstrated a strong demand zone. Currently, there is immediate resistance at 43,500, and surpassing this level would clear the way for further gains toward 44,000. Market participants are keeping a close eye on the upcoming US CPI inflation data, and positive comments by the Federal Reserve Chairman have the potential to restore momentum in the market.
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