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Quote on Bank Nifty : Index ended on a flat note after a couple of days of brutal selling Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 21 February 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The BANK NIFTY index ended on a flat note after a couple of days of brutal selling. The index is now trading at a critical support zone of 40500 and if it manages to stay above this level can witness a pullback rally towards 41,000-41,300 levels. The mentioned support if breached will lead to further sell-off towards 40,000 where a significant amount of put writing is visible.
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