Quote on Bank Nifty : .On the downside, the index has the next support at 44600/44500 levels Says Kunal Shah, LKP Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/47dba7482b7625ec74f6f71077e21347.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/NailArt4758.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Home_Lifestyle.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/PmModi_Chritsmas.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Government_App.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kia_Syros.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GSTCouncil2024.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/digital13.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wealth_dec_265.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/NirmalaSitharaman496.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/NarendraModi560.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Daily Market Analysis : Markets rebounded strongly this week, gaining over 2% after a recent...
![Market Quote : Investors are also staying cautious ahead of eurozone inflation data today Says Mr. Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Broker _24.jpg)
![Quote on today`s F&O Expiry by Mr. Deepak Gupta, Emkay Global Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/04/d22967668225f98df2912b37e933f887.jpg)
![Market Quote : FIIs remain in a selling mode in the domestic market, yet active buying from DIIs is mitigating downside risks Says Mr. Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/2bb7b2b2555f907d0b3b6e03c1550e47.jpg)