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Below Quote on Bank Nifty 06 September 2023 from Rupak De, Senior Technical analyst at LKP Securities:

"The banking sector witnessed choppy trading as traders struggled to find direction, resulting in heightened volatility for the Bank Nifty index. The prevailing sentiment leans towards a negative-to-sideways bias, with the index closing below a crucial moving average. The RSI is on the verge of forming a bearish crossover, indicating potential weakness. In the short term, the index is expected to decline towards 44000, with resistance at 44600. Sustained trading above this level could propel the index towards 45000 and beyond. Selling on rallies seems to be the favored strategy for traders in the Bank Nifty, unless the index provides a clear and decisive breakout above the 45000 level."

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