Quote on Bank Nifty : .On the downside, the index has the next support at 44600/44500 levels Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 01 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index faced a bearish scenario as the bears took control, resulting in a breakdown from a rising trendline accompanied by increased trading volumes.Currently, the immediate resistance level for the index is at 45200. If the index manages to break above this resistance, it could potentially trigger some buying activity in the market.On the downside, the index has the next support at 44600/44500 levels. If the index holds above this support zone, there is a possibility of witnessing some buying interest, leading the index towards the 45000 level.
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